King Power places Leicester City on market for over £200m

Thai owners King Power have formally placed Leicester City on the market for more than £200m, with a newly circulated sales brochure valuing the club’s physical assets at £224m. The sales package, titled Project Lineup, encompasses the men’s and women’s football teams, the King Power Stadium, training facilities, and the sister club OH Leuven in Belgium.

The dossier, produced by Citibank and viewed by Sky Sports News, outlines the investment opportunity while notably omitting a specific price tag for the football operations themselves. The Srivaddhanaprabha family, who acquired the club for £35m in 2010, have converted nearly £300m of debt into equity in recent years, leaving the organisation largely debt-free apart from minor maintenance loans.

Financial projections within the document forecast the club’s revenue for the 2026 financial year to be £97m. The brochure also highlights redevelopment plans approved in 2023, which include expanding stadium capacity to 40,000 seats and constructing a hotel and entertainment complex on land surrounding the venue.

King Power has stated there is no urgency to complete the sale and will continue to fund the club until a credible buyer is identified. This commitment was evidenced by the appointment of head coach Russell Martin and the acquisition of nine new signings this summer. The sales document emphasises the club’s historical performance, citing its status as the sixth most successful English team since 2000, including the 2016 Premier League title and 2021 FA Cup victory.

Leicester City declined to comment when contacted regarding the sale process. The club’s current position in League One is not referenced in the marketing material, which instead focuses on profitable recent transfers such as Ben Chilwell, Harvey Barnes, and Kieran Dewsbury-Hall.