Leicester City investment talks as consortium ‘to buy’ King Power Stadium and £100m training ground | OneFootball

Leicester City are said to be in investment talks that could lead to the sale of the King Power Stadium and the club’s £100m training ground.

According to The Sun, a local consortium with strong property links has lodged a bid and wants to buy both sites, with the possibility of increasing its stake in the club in future. Discussions are described as being at an early stage.

The Foxes face a new financial reality after two relegations in two seasons, falling from the Premier League to League One.

City have posted more than £270m in losses over the past four years of accounts, raising concern over how they will manage the sharp drop in income in the third tier.

While chairman Aiyawatt ‘Top’ Srivaddhanaprabha has injected funds, the club have also taken loans from Australian bank Macquarie to support cash flow.

After relegation was confirmed last month, Srivaddhanaprabha told supporters he would try to continue investing, saying he has been at the club for 15 years and has put in a lot of money.

In January he said selling the club was not his exit plan, and that he wants to complete his work and leave City in a good place. He added that only an exceptional buyer might alter that, which he felt was a long way off, while reiterating his ambition to make the club successful again.

Source: LeicesterMercury.co.uk