Leicester Metropolis want to promote the membership for greater than £200m, with its Thai house owners King Energy prepared to go away after 16 years.
The Foxes have had an eight-page gross sales booklet produced by a number one US funding financial institution to assist offload the one-time Premier League title winners.
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Citigroup lists the Foxes, its ladies’s workforce, and different main belongings – together with the 32,000-seat King Energy Stadium and its Seagrave coaching facility which was opened in 2020 and is valued at £121m – in addition to OH Leuven, Leicester’s Belgian sister membership, as up on the market in a brochure titled ‘Mission Lineup’.
The doc, seen by BBC Sport, values the membership’s bodily belongings at greater than £200m, although no particular sum has been attributed to the sale of its struggling groups.
The brochure speaks of “a uncommon alternative to accumulate a membership with a wonderful monitor file of successful promotions to larger divisions”.
Leicester’s successes, together with the 5,000-1 Premier League title win of 2016 and the FA Cup triumph 5 years later, are properly promoted within the brochure, whereas their place in League One, after back-to-back relegations from the highest flight and the Championship, fail to get a point out.
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The membership’s turnover, which Citigroup forecast to be greater than £97m for the 2026 monetary yr are additionally a part of the pitch, however the years of economic losses and the membership’s money owed – which, as outlined in its 2025 accounts, embrace £103.6m in financial institution loans – are omitted.
Within the years that the membership yo-yoed between the Premier League and Championship, with two relegations from the highest flight in three years between 2023 and 2025, the membership misplaced greater than £180m.
King Energy, run by the Srivaddhanaprabha household, purchased Leicester for £35m from Milan Mandaric in 2010.
Khun Aiyawatt ‘Prime’ Srivaddhanaprabha is at the moment chairman after his father Khun Vichai died in a helicopter crash exterior the stadium in 2019.
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Efforts to place the third-tier membership up on the market had been first reported within the Monetary Instances in July, however the product brochure now being circulated to potential patrons is public affirmation that new traders are being sought.
The sale course of comes simply eight months on from Khun Prime saying he’s shouldering the blame for the membership’s drastic latest demise.
There have been rising calls from disgruntled followers for the membership to be offered, with essentially the most vocal displaying coming exterior King Energy Stadium after relegation from the Championship was confirmed final season.
Leicester’s struggles in recent times have come at a time when the King Energy duty-free enterprise in Thailand, which has been intrinsically linked to the membership for the reason that Srivaddhanaprabha household purchased the Foxes, has additionally endured monetary difficulties.
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Regardless of the membership’s points, Leicester Metropolis is being positioned on the market as one in all solely 5 golf equipment to have received all three main English trophies – the Premier League, the FA Cup and the League Cup – since 2000.
The doc additionally outlines the potential of the membership’s academy, stating the Foxes have a “robust expertise pipeline backed by main scouting infrastructure, energetic switch administration and extremely developed academy system constantly producing prime gamers”.
Leicester offered academy graduate Jeremy Monga to Manchester Metropolis for £10m final month.
Leicester, relegated to League One for simply the second time of their historical past final season, will begin their newest marketing campaign within the third tier below head coach Russell Martin at Notts County on Saturday.
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Leicester declined to touch upon the sale brochure when contacted by BBC Sport.
Who will wish to purchase the Foxes?
Evaluation from Owynn Palmer-Atkin, BBC Radio Leicester
For a while, a rising portion of Leicester Metropolis followers have been calling for King Energy to promote the soccer membership.
Now, it seems they’ve the start of their want.
Regardless of unimaginable, fairytale-like success; a decline such because the one seen at King Energy Stadium over the past half a decade can not go unnoticed.
King Energy modified the aspirations, the expectations and the definition of success at Leicester Metropolis. Now, they need to be held up towards those self same requirements.
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There are clear bodily belongings, however with the membership now in its lowest place since 2009, an enormous period of time, effort and money shall be required to get it again to the Premier League.
The query now’s, who needs to purchase Leicester Metropolis?
