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

Leicester City is seeking to offload the club for over £200 million to new investors. The Thai owners, King Power, have decided to leave after a 16-year tenure. Citigroup, along with a US investment bank, has compiled a sales brochure detailing the club's various assets. The club's physical assets, such as the 32,000-seat King Power Stadium and the Seagrave training facility, are valued at more than £200 million.

Despite the club's financial struggles and recent relegations, the brochure emphasizes Leicester's history of success, including their 2016 Premier League title win and 2021 FA Cup triumph. The club's turnover is projected to reach £97 million in the 2026 financial year, but the years of financial losses and debts, including £103.6 million in bank loans, are not disclosed.

The club's current relegation to League One, after two promotions and demotions in three years, is not mentioned positively in the brochure. The sale process comes just eight months after King Power chairman Khun Top admitted responsibility for the club's recent decline.