Leicester City: Foxes up for sale for more than £200m

Leicester City are looking to sell the club for more than £200m, with its Thai owners King Power ready to leave after 16 years.

The Foxes have had an eight-page sales booklet produced by a leading US investment bank to help offload the one-time Premier League title winners.

Citigroup lists the Foxes, its women’s team, and other major assets – including the 32,000-seat King Power Stadium and its Seagrave training facility which was opened in 2020 and is valued at £121m – as well as OH Leuven, Leicester’s Belgian sister club, as up for sale in a brochure titled ‘Project Lineup’.

The document, seen by BBC Sport, values the club’s physical assets at more than £200m, though no specific sum has been attributed to the sale of its struggling teams.

The brochure speaks of “a rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions”.

Leicester’s successes, including the 5,000-1 Premier League title win of 2016 and the FA Cup triumph five years later, are well promoted in the brochure, while their place in League One, after back-to-back relegations from the top flight and the Championship, fail to get a mention.

The club’s turnover, which Citigroup forecast to be more than £97m for the 2026 financial year are also part of the pitch, but the years of financial losses and the club’s debts – which, as outlined in its 2025 accounts, include £103.6m in bank loans – are omitted.

In the years that the club yo-yoed between the Premier League and Championship, with two relegations from the top flight in three years between 2023 and 2025, the club lost more than £180m.