Liam Duckstein
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King Power, the Thai travel retail group that has owned Leicester City since 2010, is looking to sell the club for more than £200 million, according to a BBC report published on Thursday.
The Foxes, whose 2016 Premier League title win remains one of the most improbable in English football history, have now fallen to League One after finishing second-from-bottom in the Championship last season. The club’s decline has been steep and financial mismanagement has accelerated it.
King Power was founded by Vichai Srivaddhanaprabha, who acquired Leicester from Milan Mandaric following a shirt sponsorship arrangement between the company and the club. Srivaddhanaprabha died in October 2018 when his helicopter crashed outside the club’s King Power Stadium.
Leicester were promoted to the Premier League in 2014, claimed their first top-flight title in 2016, and lifted the FA Cup in 2021. Those peaks now feel distant. The club has been relegated in back-to-back seasons and was docked six points last term for breaching EFL financial regulations.
Founded in 1884, Leicester is a historic club now facing a genuine crossroads. A sale at the reported valuation would represent a significant transaction for a third-tier side, reflecting both the club’s brand value and the scale of its debts. Reuters has requested comment from the club.
Stay with TipsGG for continued coverage of this developing story as the potential sale process unfolds.