Leicester City are being offered for sale for more than £200 million as their Thai owners, King Power, prepare to end their 16-year ownership of the club.
A sales brochure produced by US investment bank Citigroup is being circulated to potential buyers under the title “Project Lineup”. The eight-page document includes Leicester’s men’s and women’s teams, the 32,000-capacity King Power Stadium, the club’s Seagrave training centre and Belgian sister club OH Leuven.
The club’s physical assets are valued at more than £200 million, although the brochure does not put a specific price on the teams themselves. The Seagrave training facility, which opened in 2020, is valued at about £121 million.
The brochure describes Leicester as “a rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions”. It highlights the club’s remarkable 2016 Premier League title triumph, achieved against odds of 5,000-1, as well as their 2021 FA Cup success.
However, the document does not mention Leicester’s current position in League One following consecutive relegations from the Premier League and Championship.
Citigroup also projects the club’s turnover to exceed £97 million for the 2026 financial year. However, the brochure leaves out Leicester’s recent financial losses and debts, including £103.6 million in bank loans reported in the club’s 2025 accounts.
During a difficult period that saw Leicester move between the Premier League and Championship, the club accumulated losses of more than £180 million. They suffered two Premier League relegations within three years, between 2023 and 2025.
King Power bought Leicester City from Milan Mandaric for £35 million in 2010. The club is now chaired by Khun Aiyawatt “Top” Srivaddhanaprabha, who took over following the death of his father, Khun Vichai, in a helicopter crash outside the stadium in 2019.
Reports of a possible sale first emerged in July, but the circulation of the sales brochure now confirms that the owners are actively seeking new investors.
The development comes just eight months after Top accepted responsibility for the club’s dramatic decline. Fans have increasingly called for a change in ownership, with protests reported outside the King Power Stadium following Leicester’s relegation from the Championship last season.
Leicester’s difficulties have also coincided with financial challenges facing the King Power duty-free business in Thailand, which has been closely associated with the club since the Srivaddhanaprabha family took ownership.
Despite their current struggles, the sales material presents Leicester as one of only five English clubs since 2000 to have won the Premier League, FA Cup and League Cup.
The brochure also highlights the potential of Leicester’s academy, describing the club as having a “strong talent pipeline backed by leading scouting infrastructure, active transfer management and highly developed academy system consistently producing top players”.
The club recently sold academy graduate Jeremy Monga to Manchester City for £10 million.
Leicester, who were relegated to League One for only the second time in their history last season, are set to begin their latest campaign in the third tier under head coach Russell Martin with a match against Notts County on Saturday.
Leicester City declined to comment when contacted about the sales brochure.
By: Prince Martey-Sogar