Leicester City's Thai owners King Power are seeking more than £200 million to sell the club along with its associated assets, according to sources close to the deal and sales documents circulated in August 2026 [1, 2, 3, 4, 5].
The sales brochure, titled "Project Lineup" and prepared by Citigroup in August 2026, lists Leicester City’s men’s and women’s teams, the Category One academy, King Power Stadium, Seagrave training centre, and Belgian sister club OH Leuven as bundled assets included in the sale [1, 2, 4]. The physical assets alone are valued at over £200 million, with King Power Stadium worth £74 million, the Seagrave centre valued at £121 million, and the Belvoir Drive site at £9 million as of 2025 [1, 2, 4].
King Power, who acquired Leicester City in 2010 from Milan Mandaric for £35 million, are exploring selling the club following a sustained sporting and financial decline [2, 3, 5, 1, 4]. Leicester was relegated from the Premier League to the Championship at the end of the 2022-23 season and then further relegated to League One for the 2025-26 season [1, 2, 3, 4, 5]. The club was also docked six points in a prior season due to breaching EFL spending rules [3, 5].
The sporting downturn has coincided with significant financial losses. Accounts since 2021 show pre-tax losses of £92.5 million, £89.7 million, £19.4 million, and £71.1 million [1, 4]. An unnamed source close to the sale said, "A sale was more likely to be completed for around US$200 million, or about 6.6 billion baht, following Leicester’s relegation to League One and a succession of heavy financial losses" [1]. This implies a likely final sale price closer to £160 million than the initial asking price.
There are some discrepancies in reported asking prices. Some sources say the owners seek about US$300 million (approx £250 million) for the club and wider portfolio [1, 4], while others cite a figure just over £200 million (approx US$240 million), without confirming the higher valuation [2, 3, 5]. Despite this, the sales brochure describes it as "a rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions" [2].
Bank loans stood at £103.6 million in 2025, and club turnover is forecast to exceed £97 million for the current financial year, indicating substantial ongoing financial activity [2].
King Power appointed Citigroup in July 2026 to manage the sale process, which was first reported publicly at that time [1, 4]. The sales brochure circulated in August 2026 confirms these efforts to find a buyer [1, 2, 4].
The next milestone is securing a buyer willing to complete the transaction at a negotiated price given the recent financial pressures and sporting setbacks. No timetable for closing the sale has been announced.
