Leicester City’s Thai owners, King Power, are officially trying to offload the club for more than £200m, marking the end of their 16-year run. This isn’t just some whispered rumor anymore; there’s an eight-page sales booklet out there, put together by a leading US investment bank, trying to find a buyer for the one-time Premier League champions.
The “Rare Opportunity” Pitch That’s Wild
Citigroup, the folks handling this “Project Lineup,” are pitching a whole package deal. We’re talking about the Foxes, their women’s team, the 32,000-seat King Power Stadium, and that absolutely insane Seagrave training facility that opened in 2020 and is apparently valued at £121m. Oh, and don’t forget OH Leuven, their Belgian sister club, is part of the sale too. The brochure screams about a “rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions.” They’re hyping up the 5,000-1 Premier League title win from 2016 and the FA Cup triumph five years later. It’s all about past glory, baby!
What They’re Not Telling You In The Brochure
Here’s the kicker: while the sales pitch talks about projected turnover of more than £97m for the 2026 financial year, it conveniently skips over a few “minor” details. Like, the years of financial losses. And the club’s mountain of debt, which included £103.6m in bank loans in their 2025 accounts. Let’s not forget the back-to-back relegations from the top flight and the Championship, landing them in League One. Yeah, those struggles didn’t make it into the glossy brochure. Between 2023 and 2025, when the club was yo-yoing, they lost more than £180m. Chairman Khun Aiyawatt ‘Top’ Srivaddhanaprabha has even shouldered the blame for the club’s “drastic recent demise,” and fans have been vocal about wanting the club sold. This is a mess, plain and simple.
Despite all the drama and being a third-tier club, Leicester City is still being positioned as one of only five clubs to have won all three major English trophies (Premier League, FA Cup, League Cup) since 2000. The document also talks up the club’s academy, calling it a “strong talent pipeline” with “leading scouting infrastructure.” So, they’ve got some history and a youth system, but can a new owner turn this ship around? That’s the million-dollar question for whoever steps up next.
This article was created with AI assistance and published under Seattle On Tap’s editorial standards. See our Editorial Policy.
Originally reported by Yahoo Sports.
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