Leicester's Thai Owners Put Troubled Club up for Sale
Citigroup’s brochure values Leicester’s assets at more than £200 million as King Power seeks buyers after 16 years in control.
- After 16 years of ownership, King Power, the Thai owners of Leicester City, have circulated a sale prospectus via Citigroup to potential buyers, marking the clearest indication they are actively seeking a new owner.
- King Power purchased Leicester from Milan Mandaric for £35m in 2010, overseeing the club's most successful era. However, Leicester recorded losses exceeding £180m during a turbulent period, dropping into League One following successive relegations.
- Valuing physical assets at more than £200 million, the brochure highlights the £121m Seagrave training complex. Financial projections forecast turnover of more than £97m for 2026, though existing bank loans exceeding £100m are omitted from the prospectus.
- Beyond the main club, the prospectus includes Leicester City's women's team and the Belgian sister club OH Leuven. Marketing materials position the club as one of only five English teams to win the Premier League, FA Cup, and League Cup since 2000.
- Current chairman Aiyawatt Srivaddhanaprabha assumed control following the 2018 death of Vichai Srivaddhanaprabha. The sale decision follows fan protests demanding ownership changes amid the club's decline and financial challenges facing King Power's duty-free business in Thailand.
20 Articles
20 Articles
Ten years ago, Leicester City became a sensational English champion. Now, in the 3rd League, the club is struggling with financial problems and is on sale.
Classic English club Leicester City is up for sale. The price is the equivalent of 2.6 billion Swedish kronor, the BBC reports. They have produced an eight-page sales brochure produced by a leading American investment bank to sell the former Premier League title winner.
Ten years ago Leicester City wrote perhaps the biggest sensation in English football history. Meanwhile, the club crashed into League Three. Now the Foxes are for sale.
English professional football club Leicester City has ended its tenure under Thailand's King Power Group and has begun the sale process worth approximately 382.5 billion won. A sales prospectus has been distributed covering major assets such as stadiums and training grounds, and the club is seeking a new owner by emphasizing its past successes and youth development capabilities.
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