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

What the report says

Leicester City have been put up for sale for more than £200m, with Thai owners King Power seeking to end their 16-year association with the club, according to BBC Sport. A sales brochure prepared by Citigroup and seen by BBC Sport is being used to court potential buyers and confirms that new investors are being sought.

The document, titled Project Lineup, lists Leicester’s main assets, including the men’s and women’s teams, the 32,000-seat King Power Stadium, the Seagrave training complex, and Belgian sister club OH Leuven. BBC Sport says the brochure values the physical assets at more than £200m, although it does not assign a specific sale price to the football teams themselves. It also highlights Leicester’s history of promotions and major trophies, while downplaying the club’s recent relegations and financial losses.

King Power, owned by the Srivaddhanaprabha family, bought Leicester in 2010 for £35m. The sale process comes after a difficult period on and off the pitch, including back-to-back relegations from the top flight and the Championship. Khun Aiyawatt “Top” Srivaddhanaprabha is currently chairman, and the club declined to comment on the brochure when approached by BBC Sport.

Leicester are due to begin their League One campaign under head coach Russell Martin, with BBC Sport noting that the club’s future ownership and the scale of investment needed for a return to the Premier League will now be key questions.