King Power Group of Thailand plans to sell Leicester City for over £200 million.

After suffering consecutive relegations from the Premier League and the Championship, former Premier League champions Leicester City have officially entered the sale process.

A prospectus titled "Project Lineup," commissioned by Thai family-owned King Power and prepared by Citigroup, reveals that Leicester City has been put up for sale in its entirety, with its physical assets valued at over £200 million.

King Power acquired Leicester City for £35 million in 2010 and created a Premier League title-winning miracle in 2016 with a score of 1 to 5,000, followed by the FA Cup in 2021.

However, following the tragic death of its former owner, Khun Vichai, and the financial difficulties of its parent company, King Power Duty Free, Leicester City's performance has plummeted in recent years. Between 2023 and 2025, Leicester City suffered two relegations, accumulating losses exceeding £180 million and burdened with over £100 million in bank loans.

The sale includes Leicester City's first team, women's team, sister club Leuven in Belgium, and assets such as the Seagrave training ground and King Power Stadium, valued at £121 million.

The promotional brochure highlighted Leicester City's illustrious history as one of only five teams since 2000 to win all three major English cup competitions, and emphasized their excellent youth academy development. Just last month, they sold academy graduate Monga to Manchester City for £10 million.

With fans' protests against the management growing louder, current chairman Aiyawatt Srivaddhanaprabha has ultimately chosen to step down.

Leicester City, who were relegated to League One (the third tier) again last season, will start the new season under new manager Russell Martin, and the takeover by a new consortium will be key to the team's ability to make a comeback.

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