Leicester’s Thai owners put troubled club up for sale

Leicester City, the former Premier League champions, have put their club up for sale after enduring a difficult period marked by successive relegations, according to recent reports. Ten years after their historic Premier League title win, the Foxes will compete in English football's third tier for the first time since 2026. The club, owned by the Thai-based King Power, has been assessed by a prominent US investment bank to determine potential buyer interest, with their assets valued at over £200 million.

King Power, led by Aiyawatt Srivaddhanaprabha, purchased Leicester for £35 million in 2010 following the tragic death of his father Vichai in a helicopter crash. Aiyawatt, who assumed the role of chairman after his father's passing in 2019, acknowledged responsibility for the club's current situation but emphasized that the ownership structure will undergo changes. Leicester's promotion campaign begins with a match against Notts County on Saturday.