Leicester City offered for sale in Citigroup brochure valuing assets at over £200m
Leicester City have been offered for sale by their Thai owners King Power for more than £200m, according to an eight-page sales brochure produced by Citigroup and seen by BBC Sport on 13 August 2026. The document, titled 'Project Lineup', lists the men's and women's teams along with several club assets as available to prospective buyers.
King Power has owned Leicester City since purchasing the club from Milan Mandaric in 2010 for £35m, and the family business has controlled the club for 16 years. Khun Aiyawatt 'Top' Srivaddhanaprabha is the current chairman following the death of his father Khun Vichai in a helicopter crash outside the stadium in 2019. Citigroup's brochure includes the 32,000-seat King Power Stadium, the Seagrave training facility which opened in 2020 and is valued at £121m, and the Belgian sister club OH Leuven among assets up for sale.
The brochure values Leicester’s physical assets at more than £200m but does not assign a specific price to the sale of its teams. It describes the opportunity as "a rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions" and promotes past successes such as the 5,000-1 Premier League title of 2016 and the FA Cup triumph five years later, while omitting the club’s current status in League One after consecutive relegations.
Citigroup forecasts the club’s turnover for the 2026 financial year to exceed £97m, details included in the pitch to investors. The sales document does not, however, address years of financial losses; Leicester's 2025 accounts show £103.6m in bank loans. The club also lost more than £180m during the period in which it alternated between the Premier League and the Championship, including two relegations from the top flight in three years between 2023 and 2025.
Reports that King Power was seeking new investors first surfaced in the Financial Times in July, and the circulation of the brochure to prospective buyers constitutes public confirmation of a sale process. The move follows Khun Top's comment eight months earlier that he was shouldering the blame for the club's recent decline, and comes amid growing calls from fans for the club to be sold, including demonstrations outside the King Power Stadium after relegation from the Championship was confirmed last season.
The brochure highlights potential in Leicester’s academy, stating the Foxes have a "strong talent pipeline backed by leading scouting infrastructure, active transfer management and highly developed academy system consistently producing top players". The club sold academy graduate Jeremy Monga to Manchester City for £10m last month, a transaction mentioned in the document.
Leicester, relegated to League One for only the second time in their history last season, will begin their next campaign in the third tier under head coach Russell Martin at Notts County on Saturday. Leicester declined to comment on the sale brochure when contacted by BBC Sport.
