{
  "id": 787952,
  "title": "King Power puts Leicester City up for sale after 16 years- Reports",
  "url": "https://urgent.news/2026/08/13/king-power-puts-leicester-city-up-for-sale-after-16-years-reports",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-08-13T17:28:52.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/king-power-puts-leicester-city-up-for-sale-after-16-years-reports/"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Leicester City, owned by the Srivaddhanaprabha family, has been put up for sale by their Thai owners, King Power, after 16 years of ownership. The club is seeking more than £200 million for the sale, which includes the club, its women's team, and other assets such as the King Power Stadium and the Seagrave training facility. Citigroup, a US investment bank, is circulating a sales brochure to potential buyers, highlighting the club's historic achievements and strong talent pipeline. However, the brochure does not include details of the club's recent financial losses or debts, and the club is currently facing relegation to the third tier following successive relegations from the Premier League and Championship.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Punch",
        "title": "King Power puts Leicester City up for sale after 16 years- Reports",
        "url": "https://urgent.news/2026/08/13/king-power-puts-leicester-city-up-for-sale-after-16-years-reports-789422",
        "published": "2026-08-13T17:48:52.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Leicester’s Thai owners put troubled club up for sale",
        "url": "https://urgent.news/2026/08/13/leicesters-thai-owners-put-troubled-club-up-for-sale",
        "published": "2026-08-13T21:40:13.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Leicester's Thai owners put troubled club up for sale",
        "url": "https://urgent.news/2026/08/13/leicesters-thai-owners-put-troubled-club-up-for-sale-811340",
        "published": "2026-08-13T22:19:07.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}