King Power launches formal sale process for Leicester City
The Thai owners of Leicester City have moved to market the club, its stadium and associated assets in what marks the end of a 16-year ownership era. A brochure prepared by a leading US investment bank is being circulated to prospective buyers and values the club's physical assets at more than £200m.
The document, produced under the name 'Project Lineup' and seen by national media, lists the 32,000-seat King Power Stadium, the club's women's team, the Belgian sister club OH Leuven and the Seagrave training facility, which opened in 2020 and is highlighted in the brochure as being valued at £121m.
Leicester supporters will be aware that the brochure focuses on the club's high points — including the extraordinary 2016 Premier League title and the FA Cup success five years later — while recent struggles at the sporting level are not emphasised. The club is currently in League One following back-to-back relegations from the Premier League and the Championship.
- Owners: King Power (Srivaddhanaprabha family)
- Assets cited: King Power Stadium (32,000 seats), Seagrave training ground (valued at £121m), women’s team, OH Leuven
- Recent finances: forecast turnover of over £97m for 2026; 2025 accounts show bank loans of £103.6m and cumulative losses exceeding £180m over recent years
The sale brochure sets out financial projections and pitches the club as an asset with a track record of achieving promotions. However, it does not attach a specific overall sale price to the club or its teams, and several significant financial matters that appear in recent accounts are not included in the promotional material.
"a rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions"
The brochure's forecast for the club's turnover in the 2026 financial year is cited at above £97m. It does not dwell on the scale of losses recorded while the club moved between divisions: accounts for 2025 detail bank borrowings of £103.6m and reporting shows losses of more than £180m during the period of fluctuating league status.
Local consequences and questions for prospective owners
The Srivaddhanaprabha family purchased Leicester City in 2010 for £35m and have overseen some of the club's most celebrated moments. Khun Aiyawatt 'Top' Srivaddhanaprabha is the current chairman; he succeeded his father, Khun Vichai, after the latter's death in 2019.
For Leicester and the surrounding area, the sale raises immediate practical and community questions. Potential buyers will be taking on not just a first-team football club but:
- an established matchday venue with city-centre economic ties;
- a modern training campus at Seagrave;
- affiliated clubs and the women's team with their own local roles.
Jobs at the club, local supplier contracts and community programmes could all be affected by a change of ownership. The brochure's emphasis on physical assets may appeal to investment groups, but the underlying sporting and financial challenges will be central in negotiations.
Earlier reports in the Financial Times signalled the intention to seek new investors. The circulation of a formal sales booklet is the clearest public confirmation to date that the family is preparing to step back from stewardship of the club they have owned for more than a decade and a half.
Leicester residents, supporters and local businesses will be watching closely as the process unfolds. Any buyer will inherit a club with a global profile and a passionate local fanbase, but also considerable recent financial losses and the immediate sporting task of returning to higher divisions.
| Item | Value / Note |
|---|---|
| King Power Stadium | 32,000 seats |
| Seagrave training facility | £121m (valued in brochure) |
| Forecast turnover (2026) | More than £97m (Citigroup forecast) |
| Bank loans (2025 accounts) | £103.6m |
As the sale process progresses, further announcements are likely from the club and potential bidders. For now, the brochure confirms that Leicester City is being offered to the market — a development that will reverberate through the city’s footballing and business communities.
