King Power has reportedly circulated documents offering Leicester City and its assets for sale, with an asking price of US$300 million. The move follows the club's relegation to EFL League One on 21 April 2026, according a report in The Athletic.
The Thai duty-free group bought Leicester City in 2010 under the late Vichai Srivaddhanaprabha, who became chairman before responsibility for the club passed to his son, current chairman Aiyawatt Srivaddhanaprabha.
No completed sale has been announced. However, the reported sales material has been sent to investor groups that have expressed an interest in buying the club.
From Premier League champions to League One
Leicester's decline has been stark. The club were relegated to England's third tier after drawing 2-2 with Hull City at the King Power Stadium on 21 April 2026.
It marked a second consecutive relegation, taking the former Premier League champions into League One within a decade of one of football's most remarkable title wins.
Under the Srivaddhanaprabha family's ownership, Leicester won the Premier League in the 2015-16 season. The club later lifted the FA Cup and FA Community Shield in 2021, as well as the EFL Championship titles in 2013-14 and 2023-24.
The sales document reportedly promotes Leicester as "the most successful club in EFL history" and says it is one of five clubs to have won all three major domestic English football trophies since 2000.
Stadium, training sites and youth academy included
The club's current assets are valued at GBP204 million. They include the King Power Stadium, valued at GBP74 million; the Seagrave training complex, valued at GBP121 million; and the Belvoir Drive women's team training ground, valued at GBP9 million.
The package also includes land around the stadium previously earmarked for a future expansion, along with Leicester's youth development set-up. The academy has generated more than GBP250 million in player sales over the past five years, the document says.
It also highlights Leicester's shared club-management structure with OH Leuven, which plays in the Belgian Pro League.
Leicester are based in what the document describes as England's third-largest city, where there is only one professional football club, giving the side a loyal local fan base.
What it means for Thai supporters
For Thai fans and foreigners living in Thailand who have followed the "Siam Foxes" because of King Power's ownership, a sale would potentially end one of the country's most high-profile links with English football.
The reported process comes amid growing supporter opposition after three relegations in four years. Leicester have also recorded cumulative accounting losses of more than GBP272.7 million over the last four years.
In January, Aiyawatt had said he remained committed to running the club and building the team for the long term. The reported sales documents now point to a potentially major change in Leicester's ownership, though any deal would depend on a buyer being found and a transaction being completed.
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13 August 2026
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