Leicester City’s men’s and women’s teams, stadium, training facilities, and Belgian sister club OH Leuven have all been included in a sales brochure, with owners King Power placing a £224 million valuation on the assets.
The Srivaddhanaprabha family originally purchased Leicester for £35 million in 2010.
Thai owners King Power are actively seeking to sell Leicester City for more than £200 million.
The former Premier League champions initially engaged Citibank to sound out potential buyers, and a sales pitch brochure produced by the investment bank details the full scope of the investment opportunity.
The dossier lists for sale the men’s and women’s teams, King Power Stadium, both the women’s and men’s training facilities, and OH Leuven. Titled “Project Lineup,” the document values the physical assets at £224 million, though no specific standalone sum has been placed on the football teams themselves.
In 2023, the club purchased land surrounding King Power Stadium for redevelopment, with plans to expand capacity to 40,000 and construct a new hotel and entertainment complex.
Citigroup forecasts the club’s revenue during the 2026 financial year to reach £97 million. However, the prospectus omits the club’s two relegations between 2023 and 2025 and the severe financial losses that followed. Although Leicester City famously won the Premier League a decade ago, they currently reside in League One.
In recent years, King Power has converted nearly £300 million of debt into equity, leaving the club largely debt-free aside from minor maintenance loans. Reports indicate King Power feels no immediate urgency to sell and will continue funding operations fully until a credible buyer steps forward. They have backed head coach Russell Martin with nine new signings this summer.
The sales pitch presents Leicester as the sixth most successful team in English football since 2000, calling it a rare opportunity to acquire a club with a proven track record of winning promotions.
Alongside their 2016 Premier League triumph, Leicester’s 2021 FA Cup and Community Shield victories are prominently featured, while their current League One standing is not mentioned.
The document also highlights Ben Chilwell, Harvey Barnes, and Kieran Dewsbury-Hall as profitable transfers, and lists Gary Lineker and Emile Heskey as notable former players. Leicester City declined to comment on the matter.
On the surface, it may seem surprising for King Power to sell Leicester City at a time when the club sits at a low market valuation in League One following three relegations in four seasons.
However, Aiyawatt Srivaddhanaprabha has been open to new investment for several years; the primary shift is the formal marketing dossier now being circulated by financial specialists.
The brochure provides concrete evidence of an approaching end of an era. King Power delivered historic success, a Premier League title, FA Cup trophy, Champions League football, and a Community Shield. While recent setbacks have sparked fan protests against ownership and Director of Football Jon Rudkin, prospective buyers will still view the club as an appealing opportunity.
Leicester is largely debt-free and possesses top-tier infrastructure, including the state-of-the-art Seagrave training complex. Still, operating in the third tier without parachute payments presents a financial reality that suitors will carefully weigh.
A quick transaction is unlikely, and finding a suitable buyer could take considerable time. King Power intends to maintain responsible stewardship of the club rather than rushing into a sale with the highest bidder, ensuring the next owner is equipped to take the club forward