This English champion club is officially for sale

The owners hope to sell the club for £225 million

Europe Today at 13:39

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This English champion club is officially for sale

Leicester City is officially on the market, but its price could complicate negotiations. According to talkSPORT, the Thai owners of King Power hope to receive up to £225 million, or around €260 million, for the sale of the club. That is a considerable sum for a team now playing in League One, the third tier of English football.

From English champions to the third tier

Leicester made history in English football by winning the Premier League in 2016 under Claudio Ranieri. The club then competed in the Champions League and won the FA Cup in 2021. But the Foxes’ trajectory gradually changed. Relegated to the Championship in 2023, the club quickly returned to the top flight before suffering another relegation in 2025. At the end of the 2025-2026 season, Leicester also left the second tier and now play in League One.

Former Premier League Winners Leicester City Put Up for Sale: Owners Want Bids This Week Leicester City’s Thai owners (King Power) want people to make offers to buy the club by Friday. Sky News says bankers at Citi are helping with the sale. The owners started looking for a buyer months ago. So far, no clear serious bidders are known. The deadline was moved later so more people could join. Ten years ago, Leicester won the Premier League. Since then, things have been hard. Owner Vichai Srivaddhanaprabha died in a helicopter crash near the stadium in 2018. The club has been relegated twice and is now 17th in League One. Reports say they want up to £225 million. That would be a record price for a club in the third division. The price includes the stadium and the top training ground.
— Football (@Dailyfootybite) October 12, 2026

The sporting difficulties were accompanied by financial and organisational problems. The club notably suffered a six-point deduction for failing to comply with the English league’s financial rules.

King Power wants to turn the page

The Thai group King Power, which has owned Leicester since 2010, is now looking for a buyer. After Vichai Srivaddhanaprabha’s death in 2018, his son Aiyawatt took charge of the group and the club. According to Sky News, Citi, the bank overseeing the sale process, has asked interested parties to submit their bids by the end of the week, with a deadline set for Friday, October 16.

🚨🚨 'Leicester City put up for sale' Leicester City’s long-standing owners, King Power, have officially set a deadline for potential investors to submit their takeover bids for the club. The Srivaddhanaprabha family is reportedly looking to finalise a sale following a difficult period that has seen the former Premier League champions fall into the third tier of English football.
— timz (@GOALtimz) October 12, 2026

Among the potential buyers mentioned are an American consortium and Scottish businessman of Indian origin Neil Lal, who has already expressed interest in the club. However, no takeover has been confirmed at this stage.