Leicester City’s owners are looking to sell the club for more than £200 million, according to a report by the BBC, as King Power considers its future following a dramatic decline that has taken the former Premier League champions into English football’s third tier.
The Thai retail group, which has owned Leicester since 2010, is understood to be exploring options for a potential takeover after years of financial pressure, relegations and growing supporter frustration. The reported valuation comes at a difficult moment for the club, which has fallen from one of football’s greatest success stories to a side rebuilding in League One.
King Power’s ownership began during Leicester’s rise through the divisions and reached its peak in the 2015-16 season, when Claudio Ranieri’s team secured a historic Premier League title. The club also won its first FA Cup in 2021 and competed in European competition during one of the most successful periods in its history.
However, Leicester’s fortunes have changed significantly in recent seasons. The club suffered relegation from the Premier League in 2023, returned to the top flight after winning the Championship in 2024, and then dropped again before eventually falling into League One.
The decline has also been linked to financial difficulties. Leicester have faced scrutiny over spending levels and financial regulations, while accumulated losses and pressure on future revenues have increased concerns over the club’s long-term structure.
The ownership situation has become increasingly complicated since the death of King Power founder Vichai Srivaddhanaprabha in a helicopter crash outside the King Power Stadium in 2018. His son, Aiyawatt Srivaddhanaprabha, later became chairman and has remained involved in the club’s leadership.
A potential sale would represent a major change for Leicester after more than 15 years under Thai ownership. Reports previously indicated that King Power had engaged investment advisers to explore interest from possible buyers, although no agreement has been confirmed.
The reported asking price of more than £200 million reflects Leicester’s remaining assets, including the King Power Stadium, training facilities, academy structure and commercial value built during their Premier League success. However, the club’s recent relegations and financial challenges are likely to influence negotiations with potential investors.
For supporters, the possibility of a takeover comes after a period of frustration. Fan criticism increased as Leicester struggled on the pitch and faced questions over recruitment, wage commitments and financial planning.
Any new owner would inherit the challenge of rebuilding a club that once competed against England’s biggest teams but must now focus on restoring stability, improving finances and securing promotion back up the football pyramid.
A successful takeover could provide Leicester with fresh investment and a new direction, but the immediate priority remains returning the club to a sustainable position after one of the most dramatic falls in modern English football.
