Leicester City listed for sale at over £200 million by King Power

Leicester City has been put up for sale by its Thai owners, King Power, for more than £200 million. This announcement comes after 16 years of ownership, during which the club achieved notable successes, including a historic Premier League title in 2016. The club is now being marketed through an eight-page sales booklet created by Citigroup, a leading U.S. investment bank.

The decision to sell follows a challenging period for Leicester City. The club has faced significant struggles in recent years, culminating in back-to-back relegations from the Premier League and the Championship, leaving them in League One. This downturn has prompted growing frustrations among fans, many of whom have vocally called for a change in ownership since the club's relegation was confirmed last season. King Power's financial difficulties, linked to its duty-free operations in Thailand, have also contributed to the urgency of the sale.

The sales brochure highlights the club's key assets, including the 32,000-seat King Power Stadium and the recently opened Seagrave training facility, which is valued at £121 million. However, it omits details about the club's ongoing financial struggles, such as its £103.6 million in bank loans and losses exceeding £180 million during its recent relegation periods. While Citigroup projects the club's turnover to exceed £97 million for the 2026 financial year, the brochure focuses on Leicester’s past achievements rather than their current challenges.

Looking ahead, the sale of Leicester City represents not just a pivotal moment for the club, but also an opportunity for potential investors. Despite its recent setbacks, the club has a rich history and a loyal fan base, factors that could entice buyers. The future of Leicester City now hinges on finding new ownership that can navigate its financial difficulties and restore its competitive status in English football.