Leicester’s Thai owners put troubled club up for sale

Leicester City, previously a Premier League champion, is now up for sale by its Thai owners due to a recent decline in performance. The club, known as the Foxes, has suffered successive relegations from the Premier League in 2025 and the Championship in 2026 after winning their first FA Cup in 2021. Just ten years after their title win, Leicester will participate in English football's third tier for the second time in their history this season.

Last season, they were penalized with six points for breaching the Football League's profit and sustainability rules, leading to their plunge into League One. According to a BBC report on Thursday, Leicester's Thai owners, King Power, led by the Srivaddhanaprabha family, have engaged a prominent US investment bank to assist in finding a new buyer.

The club's assets are valued at over £200 million (US$269 million). King Power acquired Leicester for £35 million in 2010. Aiyawatt Srivaddhanaprabha, the current chairman, assumed the role following his father Vichai's death in a helicopter crash outside the club's King Power stadium in 2019. Following their relegation last season, Aiyawatt admitted responsibility for the club's situation but emphasized that the structure would undergo changes. Leicester's upcoming promotion bid begins with a match against Notts County on Saturday.