adminA fresh revelation concerning a potential takeover at Leicester City has come to light whilst the Foxes have somewhat turned their on-pitch fortunes around under Russell Martin.
It has been reported by BBC Sport that behind-the-scenes staff at the King Power Stadium are yet to be officially made aware by the Foxes’ hierarchy that the club is up for sale, despite there being major discourse over such developments and Leicester’s overall financial situation.
The East Midlands outfit find themselves in League One for just the second-ever time since the club’s formation in 1884, and have endured a rather turbulent start to the Russell Martin era.
Just a matter of days ago, sections of the City fanbase made their feelings clear towards the newly-appointed head coach’s style of play, but back-to-back victories have since been recorded against Doncaster Rovers and Bromley, seeing Martin’s side rise up to 10th in the division whilst also having two games in hand.
Despite this, some supporters have continued to voice their discontent towards ownership group, King Power, especially after the club was hit with a six-point deduction, contributing to their fall from the Championship in May.
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BBC Sport’s fresh revelation states those within the inner-workings of the Foxes at the King Power Stadium or the club’s Seagrave training facility have not been informed directly over whether the club will be sold 12 years after the Thai-based consortium, which is now led by Aiyawatt Srivaddhanaprabha, completed its full takeover.
That is despite the fact it was reported in July that the consortium were seeking to recoup as much as £222m for the League One side and had even partnered with Citigroup to produce an eight-page brochure intended for potential buyers.
It was even reported earlier this month that a deadline — which had previously been cited in September — was set for prospective owners to make their intentions of a takeover clear to King Power to accommodate room for further interested parties to show their hand in the process.
Leicester’s recent financial difficulties have been well-documented, and even after a fire-sale of high-profile names this summer, it has now been revealed that the club were operating under a transfer embargo for a five-week period.
This meant that the signings of Conor Chaplin and Alex McCarthy could not be finalised until the sales of Jeremy Monga and Abdul Fatawu to Manchester City and Ipswich Town respectively.
City then went on to complete 15 transfer dealings in total, and it is now hoped that after a handful of tactical adjustments, the Foxes can turn a corner and assert themselves as the pre-season promotion favourites many had pinned them down as being.
It was recently revealed by under-fire chief football officer, Jon Rudkin, that “Khun Top is very committed here at Leicester City.”
As such, supporters who have been disillusioned by the way in which the club has been run in recent times will hope that these new revelations have no impact on the future takeover process.
No consortium or bidder is yet to emerge as ‘preferred’, but for all associated with the club, a new era would certainly help lift the mood.
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