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King Power lists Leicester
Leicester City have been put up for sale by their Thai owners King Power after 16 years, with a sales brochure produced by US investment bank Citigroup circulated to potential investors.
“owners King Power putting a £224m price on the assets”
The dossier titled "Project Lineup" lists Leicester's men’s and women’s teams, the 32,000-capacity King Power Stadium and the Seagrave training ground, and it values the club’s physical assets at more than £200 million.
Sky Sports News reported that King Power put a £224m price on the assets, while the Srivaddhanaprabha family bought Leicester for £35m in 2010.
The pitch also includes Leicester’s historic successes, including their Premier League title in 2016 and FA Cup triumph five years later, while the club is set to compete in League One after successive relegations.
The BBC said the Seagrave training facility was opened in 2020 and is valued at £121m, and it reported that Leicester declined to comment on the sale brochure when contacted by BBC Sport.
Brochure vs finances
The BBC said Citigroup forecast Leicester’s turnover to be more than £97m for the 2026 financial year, but it also reported that the brochure omitted the years of financial losses and debts outlined in the club’s 2025 accounts.
Those 2025 accounts, the BBC reported, included £103.6m in bank loans, and it said Leicester lost more than £180m during the period when it yo-yoed between the Premier League and Championship.
Sky Sports News' Rob Dorsett said, "On the face of it, it seems bizarre that King Power would look to sell Leicester City at a time when the club is at its lowest ebb," pointing to the team’s League One position after three relegations in four seasons.
Dorsett added that the brochure was "concrete evidence of a looming end of an era," while Sky Sports News said King Power have no urgency to sell and will continue to fund the club until a new buyer steps forward.
The Hindustan Times reported that Leicester will play in English football's third tier for only the second time in their history this season, after relegations from the Premier League in 2025 and the Championship in 2026.
What happens next
Leicester’s sale process is framed as including OH Leuven, the Belgian sister club, with the BBC describing the brochure as listing "OH Leuven, Leicester's Belgian sister club" alongside the stadium and training facilities.
“"OH Leuven, Leicester's Belgian sister club"”
The BBC also said Leicester sold academy graduate Jeremy Monga to Manchester City for £10m last month, and it reported that the club will start its latest campaign in the third tier under head coach Russell Martin at Notts County on Saturday.
Sky Sports News said King Power have backed head coach Russell Martin this summer, with nine new signings, and it reported that Citigroup engaged with the club to sound out potential buyers.
In the wider context of the ownership, the BBC reported that Khun Aiyawatt 'Top' Srivaddhanaprabha is currently chairman after his father Khun Vichai died in a helicopter crash outside the stadium in 2019.
The BBC concluded by asking who will want to buy the Foxes, while Sky Sports News said the dossier positions Leicester as a "rare opportunity" to acquire a club with a track record of winning promotions to higher divisions.
