Thai Group begin Leicester City sale process after 16 years of ownership
Leicester City has been put up for sale by their Thai Group owners for more than £200 million as King Power prepares to end its 16-year ownership of the club.
Leicester City have been placed on the market for more than £200 million as King Power prepares to end its 16-year ownership of the club following a dramatic decline from Premier League champions to England’s third tier.
The Thai-owned group has appointed investment bank Citigroup to handle the sale, with an eight-page document titled “Project Lineup” reportedly being circulated to prospective buyers.
The package includes the men’s and women’s teams, the 32,000-capacity King Power Stadium, the Seagrave training complex and Belgian sister club OH Leuven.
The sales material highlights Leicester’s remarkable achievements, including their historic 2016 Premier League title and 2021 FA Cup triumph, while presenting the club as an opportunity for investors to take charge of an institution with a proven record of climbing the English football pyramid.
However, the proposed sale comes at a difficult period for the Foxes, who have suffered successive relegations from the Premier League and Championship and will begin the 2026-27 campaign in League One.
Leicester were also hit with a six-point deduction last season for breaching financial regulations, adding to concerns surrounding the club’s finances.
The club’s 2025 accounts showed £103.6 million in bank loans, while recent losses have placed further pressure on the ownership.
King Power acquired Leicester from Milan Mandaric for £35 million in 2010 and subsequently oversaw the most successful period in the club’s history, including their extraordinary Premier League title victory in 2016.
The Srivaddhanaprabha family’s ownership was transformed by the death of chairman Vichai Srivaddhanaprabha in a helicopter crash outside the stadium in 2018, with his son Aiyawatt later assuming leadership.
The proposed sale now signals the possible end of one of English football’s most remarkable ownership stories.
