Leicester owners seek sale worth more than £200m after 16 years | OneFootball

Leicester City’s Thai owners, King Power, are exploring a sale worth more than £200m after 16 years in charge.

An eight-page Citigroup brochure, Project Lineup, is circulating and lists the men’s and women’s teams, the 32,000-seat King Power Stadium, the Seagrave training base, and sister club OH Leuven.

The brochure values physical assets at more than £200m, including Seagrave, opened in 2020 and valued at £121m, but does not price the struggling teams.

The pitch sells a rare chance to buy a club with a strong promotion record, trumpeting the 2016 5,000-1 title and a later FA Cup, while omitting their current third-tier status.

It projects turnover above £97m for the 2026 financial year, but excludes years of losses and debt, including £103.6m in bank loans in the 2025 accounts.

Leicester lost more than £180m while yo-yoing, with two top-flight relegations in three years between 2023 and 2025.

King Power, run by the Srivaddhanaprabha family, bought Leicester for £35m from Milan Mandaric in 2010. Chairman Khun Aiyawatt ‘Top’ succeeded his father Vichai after his 2019 helicopter death outside the stadium.

Despite issues at the owners’ Thai duty-free business, Leicester are marketed as one of only five clubs to win the Premier League, FA Cup and League Cup since 2000.

The brochure also promotes the academy. Leicester sold graduate Jeremy Monga to Manchester City for £10m last month. Relegated to League One last season, the club declined to comment.

Source: BBC UK

“Artificial intelligence was used to assist in creating this article based on reporting from the original source quoted.”