Leicester City Football Club’s owners have reportedly begun exploring a sale of the club after instructing investment bankers at Citigroup to sound out potential buyers, according to a report in the Financial Times.
What has been reported
The Financial Times piece, by Levingston, Noble & Agini, says Thailand’s King Power — which has owned the club since 2010 — has approached Citigroup to canvass interest. The report does not disclose any names of potential buyers, prices or a timetable for any transaction.
The article places the move in the context of more than a decade of Thai ownership. Under King Power, Leicester rose from the lower leagues to the Premier League in 2014 and went on to win the top-flight title in 2016. The club has, however, faced recent setbacks: relegation to the Championship in 2023, a brief return to the Premier League followed by relegation again in 2025, and further demotion to EFL League One earlier this year.
King Power has “tapped investment bankers at Citigroup to sound out buyers,” the Financial Times reported.
Local consequences and context
For supporters and people working in and around the club, ownership changes could have practical consequences. The report notes the club has been under increased regulatory scrutiny over its finances. Plans previously announced by the owners — including relocation to a new training ground and an ambition to expand the stadium to 40,000 seats — have been put on hold.
- Under King Power ownership since 2010, Leicester achieved its highest modern success.
- Recent sporting decline culminated in relegation to League One.
- Supporter unrest has been visible: protests took place earlier this year.
- Stalled infrastructure projects and financial scrutiny are part of the current backdrop.
Timeline at a glance
| Year | Event |
|---|---|
| 2010 | King Power acquire Leicester City |
| 2014 | Promotion to the Premier League |
| 2016 | Leicester crowned Premier League champions |
| 2018 | Founder Vichai Srivaddhanaprabha dies in helicopter crash; Aiyawatt assumes control |
| 2023–2026 | Relegations, protests and reports of regulatory scrutiny; club now in League One |
The Financial Times report is the latest in a sequence of stories tracing the club’s recent instability. It is not yet clear whether any formal sale process will follow or how quickly it might proceed. For local residents whose livelihoods and civic life are intertwined with the club, the potential change of ownership will be watched closely.
InfoRadar will follow developments and report further as more information becomes available from the club, King Power or potential buyers.
