Leicester City’s owners have set a deadline of October 16 for initial bids as the club explores a potential sale, with the asking price reportedly reaching £225 million.
King Power, the ownership group led by the Srivaddhanaprabha family, has appointed Citi to advise on the process. The club’s current financial and sporting situation has made the sale an increasingly significant development, with Leicester now competing in League One.
£225 million valuation
According to Polish sports business outlet SportMarketing.pl, Leicester’s owners are seeking offers of up to £225 million. The deadline is intended to establish the level of interest rather than signal an immediate change of ownership.
The identities of potential bidders have not been disclosed, and it remains unclear whether any offer will ultimately meet the owners’ expectations.
From Premier League champions to League One
Leicester’s dramatic decline has reshaped the club’s commercial position. The Foxes won the Premier League in 2016 and subsequently established themselves as regular European competitors, reaching the Champions League and winning the FA Cup in 2021.
The club has since suffered a sharp sporting downturn and is now in League One, England’s third tier.
The sale process therefore comes at a pivotal point, with Leicester’s valuation reflecting not only its current league position but also its underlying assets and long-term commercial potential.
Stadium and training facilities add value
Leicester’s assets include the 32,312-capacity King Power Stadium and the club’s training facilities, which form an important part of the potential investment case.
For prospective buyers, the opportunity could extend beyond restoring Leicester to the Premier League. The club retains significant brand recognition from its title-winning era, an established fan base and infrastructure capable of supporting a return to the top level of English football.
The October 16 deadline is expected to provide the first indication of whether the market is prepared to place a premium on that potential.