Key facts
- Leicester City's owners, King Power, are seeking to sell the club for over £200 million.
- Citigroup is managing the sale process with a brochure titled “Project Lineup”.
- The club's assets for sale include the King Power Stadium, Seagrave training ground, and sister club OH Leuven.
- Leicester City has lost over £180 million in recent years due to relegations.
- The club's accounts show £103.6 million in bank loans.
- King Power originally purchased the club for £35 million in 2010.
King Power, the Thai ownership group behind Leicester City, is actively seeking to sell the club for more than £200 million after 16 years of ownership. Citigroup, a leading US investment bank, has produced an eight-page sales booklet titled “Project Lineup” to attract prospective buyers to the struggling club.
The brochure lists Leicester City’s women’s team, the 32,000-seat King Power Stadium, and their Seagrave training facility, valued at £121 million, among the club’s major physical assets. OH Leuven, Leicester’s Belgian sister club, is also included in the package being offered to potential new owners.
The sale process comes after Leicester's relegation to League One, following successive drops from the Premier League and Championship between 2023 and 2025, during which the club lost more than £180 million. The club's 2025 accounts detail £103.6 million in bank loans, and the brochure forecasts a turnover of over £97 million for the 2026 financial year.
King Power, run by the Srivaddhanaprabha family, originally purchased Leicester for £35 million in 2010. Current chairman Aiyawatt “Top” Srivaddhanaprabha took over from his father, Khun Vichai, who died in a helicopter crash in 2019. The sale follows public acknowledgments by Khun Top of responsibility for the club's recent decline and growing supporter frustration, with protests occurring after last season's relegation.
Leicester's financial difficulties are also linked to pressures on the King Power duty-free business in Thailand. The club has attempted to stay afloat by converting £8.5 million of debt into equity. However, a deadline set by King Power for a sale has passed without a deal materializing, leaving the club in a precarious financial position.