Reports reaching Softfootball indicate that Leicester City have reportedly been put up for sale for more than $270 million, with Thai owners King Power seeking to bring their 16-year ownership of the club to an end.
The sales process is being led by Citigroup, which has prepared an eight-page investment prospectus marketing the Foxes and several of their major assets.
The package reportedly includes Leicester’s men’s and women’s teams, the 32,000-capacity King Power Stadium, the Seagrave training complex and Belgian sister club OH Leuven.
The Seagrave facility, which opened in 2020, is valued at around £121 million ($164 million). The prospectus reportedly describes the sale as a rare opportunity to acquire a club with a strong history of winning promotions and reaching the highest levels of English football.
Leicester’s remarkable 2015/16 Premier League title triumph, achieved at odds of 5,000-1, and their 2021 FA Cup victory feature prominently in the sales presentation.
However, the prospectus reportedly makes no reference to Leicester’s current position in League One following successive relegations from the Premier League and Championship.
The club’s latest published accounts also show around $140 million in outstanding bank loans, highlighting the financial challenge facing any potential buyer.
King Power acquired Leicester in 2010 for around $47 million and oversaw the most successful period in the club’s history, including their historic Premier League title and FA Cup triumph.
Meanwhile, Leicester have also seen highly-rated winger Jeremy Monga leave the club, with Manchester City officially completing his signing in a deal worth up to £10 million.
The 17-year-old England U19 international has signed a five-year contract with City running until 2031, ending months of speculation over his future.
