Leicester City put up for sale for more than £200m
Summary
Leicester City football club is up for sale for more than £200 million. The club's current owners, the Thai King Power group, have hired a US investment bank to find new buyers after 16 years of ownership.Key Facts
- King Power has owned Leicester City since 2010.
- The club is listed for sale along with its women’s team, stadium, training facilities, and Belgian sister club OH Leuven.
- The stadium and training facilities are valued at £121 million.
- The club has experienced recent financial losses and has bank debts over £100 million.
- Leicester City was relegated to the third tier, League One, after two consecutive demotions.
- Leicester City won the Premier League in 2016 and the FA Cup in 2021.
- The club plans to use its successful academy system as a selling point.
- The sale was confirmed by a sales brochure named "Project Lineup" created by Citigroup.
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