Leicester City up for sale: Thai owners King

According to Skysports.

Context

Ben Chilwell, who previously played for Leicester City, has become a key player in League One football. His experience and skills could be important to the team if it is able to retain its best players amid the uncertainty of the sale of the club.

Why is this important

The sale of Leicester City could have a significant impact on the club and its players, including Ben Chilwell, who previously played for the team. A change of owners could lead to new investments and changes in the club's strategy, which is important for its performance in League One football. Given the financial forecasts, the club may face challenges if relegation from League One cannot be avoided.

Key takeaways

• Leicester City up for sale: Thai owners King.
• Leicester City is up for sale by Thai owners King Power, who are expecting more than £200 million for the club.
• Leicester City for sale: Thai owners King Power put club on market for more than £200m | Football News | Sky Sports

Thai owners King Power have announced the sale of Leicester City, putting it on the market for more than £200 million. They have engaged investment bank Citibank to help them find potential buyers. The sale reportedly includes the men's and women's teams, the King Power Stadium, training facilities for both teams, as well as Leicester's sister club OH Leuven in Belgium. The project is called "Project Lineup" and values ​​the club's physical assets at £224 million, although no specific amount has been specified for the sale of teams.

In 2023, the club acquired land around the King Power Stadium for redevelopment, including plans to expand capacity to 40,000 and build a new hotel and entertainment complex. Citigroup forecasts the club's revenue for the 2026 financial year to be £97m, but the report makes no mention of the club's two relegations between 2023 and 2025 and the financial losses this caused.

The Srivaddhanaprabha family, which runs King Power, bought Leicester in 2010 for £35m. In recent years, King Power has converted most of its debt into equity, amounting to almost £300m, leaving the club virtually debt-free. According to Sky Sports News, King Power are in no rush to sell and are continuing to fully fund the club until a new reliable buyer is found. They have supported head coach Russell Martin this summer with nine new signings.

The sale document states that Leicester are the sixth most successful team in English football since 2000, making the sale a "rare opportunity" to acquire a club with a history of "winning promotion to higher leagues". In addition, Leicester surprised everyone by becoming Premier League champions in 2016 and won the FA Cup and FA Super Cup in 2021. These achievements are mentioned in materials for potential buyers, but the club's current position in League One is not emphasized.

The document also mentions lucrative recent transfers such as Ben Chilwell, Harvey Barnes and Kieran Dewsbury-Hall, while also highlighting high-profile former players such as Gary Lineker and Emile Heskey. Sky Sports News contacted Leicester for comment but the club declined to comment.

Analyzing the situation, Sky Sports News correspondent Rob Dorsett noted that, despite the strangeness of selling the club at the moment, when it is at the bottom, King Power have been looking for new investors for several years. Now, with the appearance of a glossy booklet advertising the club, things are becoming more active. It could spell the end of an era for the owners who have brought the club such impressive successes as the Premier League title, FA Cup and Super Cup. However, there is discontent among Leicester fans following recent failures, including protests against the club's management.Although the club is not currently as big as some others in the Championship, its professional base remains an attractive asset on the open market. Despite recent successes, potential buyers will face questions about the size of the fan base and the financial challenges that could arise from relegation. Don't expect the club to sell quickly, and finding a suitable buyer could take years. However, the good news for Leicester fans is that King Power will continue their support for the club, as demonstrated by recent transfers. Given the legacy left by Aiyawatta Srivaddhanaprabha's late father, the club will be sold to a new owner who can return Leicester to success.

What happens next

King Power is expected to continue financing the club until a reliable buyer is found. This could give Leicester the opportunity to focus on the current season and improving results, which is important for their season forecast. It is important to monitor developments as potential changes in management could affect the composition of the team and its future transfers.

Frequently Asked Questions

What is Leicester City's current form?

Leicester City have faced financial difficulties and relegation in recent years, which has had a negative impact on their current form.

Do Leicester City have any injured players?

The article does not mention specific injuries or absences from the Leicester City squad.

What are the bids for the sale of Leicester City?

Leicester City is up for sale for more than £200 million, and the owners are in no rush to sell, continuing to finance the club.

What are the plans for the development of King Power Stadium?

The club has acquired land around the stadium for redevelopment, including plans to expand the capacity to 40,000 seats and build a new hotel and entertainment complex.

Who is the owner of Leicester City?

Leicester City is owned by the Thai Srivaddhanaprabha family, which runs King Power, which acquired the club in 2010.

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