Leicester City put up for sale for more than £200m

Leicester City, the once proud Premier League champions, are now seeking a sale for a price exceeding £200 million, as their Thai owners, King Power, prepare to depart after 16 years of ownership. The club's extensive 32,000-seat King Power Stadium and its £121m training facility, Seagrave, are among the assets up for grabs, along with OH Leuven, their Belgian sister team.

The club's physical assets are valued at over £200m in a brochure, titled 'Project Lineup,' produced by Citigroup, a leading US investment bank. Despite the club's rich history of success, including the 2016 Premier League title win and the 2021 FA Cup triumph, the sales brochure highlights their current struggles, having recently suffered two relegations to League One.

The club's turnover is forecast to reach £97m for the 2026 financial year, but this does not account for the substantial debts, including £103.6m in bank loans, which are not mentioned in the document. The club's financial woes have led to growing calls for a sale, with disgruntled fans demanding change. The sale process, initiated by Khun Top Srivaddhanaprabha, chairman of King Power, comes just eight months after he admitted responsibility for the club's recent decline.

Despite its challenges, Leicester City remains one of only five clubs to have won all three major English trophies since 2000, and its strong academy system is highlighted as a potential asset for any prospective buyer.