Simon Jordan makes brutal Leicester City £200m takeover prediction | OneFootball

Simon Jordan has given his verdict on the £200 million asking price set by Leicester City's owners after putting the club up for sale

Simon Jordan has claimed that nobody is going to be willing to spend £200 million to buy Leicester City while they are in League One.

It was reported earlier this year that the Foxes have been put up for sale by their owners King Power, who are led by Aiyawatt Srivaddhanaprabha.

The Thai group have been in charge of the club since 2010, and have overseen their historic Premier League and FA Cup triumphs from 2016 and 2021, as well as two separate promotions to the top flight.

However, financial difficulties in the last few years have seen the team tumble down into League One, with Russell Martin now tasked with fighting for promotion this season.

Leicester were also hit with a points deduction penalty in the previous campaign, which proved pivotal in their relegation from the second tier, after they failed to comply with the financial rules.

It was claimed earlier this month that three parties have emerged with an interest in buying the League One side, with a £200 million asking price set.

Leicester City owners issued £200 million warning

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Jordan has insisted that there is nobody out there that will be willing to meet the £200 million figure for Leicester because they are competing in League One, regardless of the fact that they once won the Premier League title.

He’s suggested that going into administration might be the most direct route forward to changing owners, as that will force the issue in terms of lowering the price into a more reasonable range that could attract buyers to the club.

“But the premise of paying someone £200 million for a football club in League One, irrespective of whether it’s a former Premier League winner, is not going to happen,” said Jordan, via Talksport.

“No one is going to do it.

“And if the only course of action is administration, then that might result in a new owner coming in, in the same way that Sheffield Wednesday now have new owners, and while it was nip and tuck and people didn’t like the idea of their football club being in that situation, it might well actually force the issue down into a price range that people are prepared to spend.

“Because why would you be spending more than £50 million on a League One football club like Leicester? And even then, why would you spend that?”

Leicester’s decline to League One

Leicester first suffered relegation from the Premier League when they finished 18th in the table in 2023.

However, Enzo Maresca guided the team back to the top flight at the first attempt, but they were again relegated straight away in 2025.

A difficult 2025/26 saw Martí Cifuentes and then Gary Rowett both struggle to get results with the team, which led to a 23rd place finish.

Martin is now in charge after arriving in the summer, but he isn’t finding things any easier in the third division.

The Foxes have won just two of their opening six fixtures in the league, earning a total of eight points from a possible 18, leaving the team 13th in the table.

Next up for Martin’s side is a trip to face Barnsley on 19 September in a 12.30pm kick-off.

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Leicester City owners will struggle with £200 million asking price

Leicester’s owners are in a difficult financial position, and now is the right time to sell, but they also have to be realistic about what the club’s value has become.

Their decline into League One has had a massive impact on their valuation, and it’s difficult to see anyone spending £200 million to buy the team as long as this is their level.

Dejphon Chansiri at Sheffield Wednesday made the mistake of setting an unrealistically high valuation on the club before they went into administration, and he ultimately walked away from the Owls with nothing.

King Power risks the same happening to them, if they do not lower their asking price to something more reasonable.