King Power puts Leicester City up for sale after 16 years- Reports
King Power is reportedly putting Leicester City up for sale after 16 years, seeking over £200 million. Discover details of the potential Leicester City sal Read More: https://punchng.com/king-power-puts-leicester-city-up-for-sale-after-16-years-reports/
Leicester City, once owned by Thai investors King Power, is now up for sale after 16 years of ownership. The club, valued at over £200 million, is being offered by Citigroup to prospective buyers. The sales brochure, titled "Project Lineup," lists the men's and women's teams, King Power Stadium, and the Seagrave training facility as assets up for sale.
This move comes after the club's recent relegations from the Premier League and Championship, with financial losses and debts not disclosed in the document. King Power, owned by the Srivaddhanaprabha family, purchased the club for £35 million in 2010. Despite Leicester's historic achievements, including their 2016 Premier League title win and FA Cup victory in 2021, the club is now being marketed with a focus on its strong talent pipeline and academy.
The club is set to return to the third tier, under new manager Russell Martin, following its recent relegation.
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Also reported by 3 other outlets
- King Power puts Leicester City up for sale after 16 years- Reports punchng.com
- Leicester’s Thai owners put troubled club up for sale freemalaysiatoday.com
- Leicester's Thai owners put troubled club up for sale nst.com.my
