adminLeicester City’s owners, King Power, are reportedly exploring options to sell the club after 16 years in charge at the King Power Stadium.
According to the Financial Times, King Power have contacted investment bankers at Citigroup to sound out potential buyers, although the club has not made any official comment on the matter.
King Power’s billionaire founder, Vichai Srivaddhanaprabha, completed his takeover of Leicester City in 2010 when the club were a mid-table Championship side.
Under his ownership, Leicester secured promotion back to the Premier League in 2014 before achieving one of the greatest sporting achievements in football history by winning the Premier League title in 2016 under Claudio Ranieri.
The historic title-winning squad, featuring players such as Jamie Vardy, Riyad Mahrez and N’Golo Kante, also helped the club reach the Champions League quarter-finals the following season.
However, tragedy struck in 2018 when Vichai Srivaddhanaprabha died in a helicopter crash outside the stadium. His son, Aiyawatt Srivaddhanaprabha, later took control of the club.
Leicester continued to enjoy success under the ownership, finishing fifth in the Premier League in 2020 and 2021 and lifting the FA Cup for the first time in the club’s history.
The Foxes were relegated in 2023 but returned to the Premier League the following season under Enzo Maresca.
Recent financial struggles and relegation have changed the club’s situation. Accounts released this year revealed Leicester recorded a £71.1 million loss during the 2024/25 Premier League campaign, while the owners also converted £124 million of shareholder loans into equity.
The current ownership has invested heavily in the club, including the development of a new training ground in Seagrave and plans to expand the King Power Stadium, although those ambitions have been put on hold following Leicester’s relegation.
The club are now preparing for life outside the Premier League as uncertainty grows over their long-term ownership future.
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Abdulhafiz Teslim