Leicester City’s Thai owners are preparing to sell the club after 16 years in control, with a package of assets worth more than £200 million being presented to prospective investors.
King Power, owned by the Srivaddhanaprabha family, has instructed US investment bank Citigroup to handle the process. An eight-page sales document, titled Project Lineup, has been produced to market Leicester and its wider football operations to potential buyers.
The package includes the men’s and women’s teams, the 32,000-capacity King Power Stadium, Leicester’s Seagrave training complex and Belgian sister club OH Leuven. The training facility, which opened in 2020, is valued at £121 million, while the combined physical assets included in the proposal are said to exceed £200 million.
No separate asking price has been placed on Leicester’s football teams, although the material highlights the club’s history of promotion success and its record of major trophies.
Historic Success Used to Attract Buyers
Leicester’s remarkable 2015-16 Premier League title and their 2021 FA Cup victory feature prominently in the investment pitch. The club is also promoted as one of only five teams to have won the Premier League, FA Cup and League Cup since 2000.
However, the sales material does not focus on Leicester’s current position in League One following consecutive relegations from the Premier League and Championship.
Citigroup projects annual turnover of more than £97 million for the 2026 financial year, but the presentation reportedly leaves out some of the financial pressure accumulated during Leicester’s recent decline.
Accounts for 2025 showed £103.6 million in bank loans, while the club lost more than £180 million during a period in which it moved repeatedly between the Premier League and Championship. Leicester suffered two top-flight relegations in three seasons between 2023 and 2025 before dropping into the third tier last season.
King Power Era Nears Possible Conclusion
King Power purchased Leicester from Milan Mandaric for £35 million in 2010. The ownership became closely associated with the club’s most successful period, including its historic Premier League triumph.
Aiyawatt Srivaddhanaprabha currently serves as chairman after taking a leading role following the death of his father, Vichai Srivaddhanaprabha, in a helicopter crash outside the stadium.
Reports that Leicester could be sold first emerged in July, but the circulation of the investment document represents the clearest indication yet that the owners are actively looking for new investors or a buyer.
The process follows growing frustration among supporters after the club’s rapid fall through the divisions. Protests intensified after Championship relegation was confirmed last season, while Aiyawatt had previously accepted responsibility for the direction the club had taken.
King Power’s duty-free business in Thailand has also faced financial difficulties during the same period.
Despite Leicester’s recent problems, the sales presentation highlights the club’s academy and scouting structure as another potential attraction. The academy is positioned as a source of valuable young players, with Jeremy Monga’s £10 million move to Manchester City last month used as a recent example of Leicester developing saleable talent.
Leicester will begin their new League One campaign under head coach Russell Martin away to Notts County on Saturday, as the club enters another important period both on and off the pitch.
Leicester declined to comment on the sales document.