Leicester City are actively searching for new homeowners, with the membership’s long-serving Thai homeowners, King Energy trying to promote after 16 years in cost.
An funding prospectus ready by Citigroup has been circulated to potential consumers, outlining the sale of Leicester, the membership’s girls’s group and Belgian sister membership OH Leuven, together with main belongings together with the King Energy Stadium and the Seagrave coaching floor.
The doc values Leicester’s bodily belongings at greater than £200 million, with the state-of-the-art Seagrave advanced alone estimated to be price £121m.
The brochure highlights Leicester’s outstanding achievements beneath King Energy, together with their historic Premier League triumph in 2016 and FA Cup success in 2021, describing the chance as the possibility to accumulate a membership with a confirmed report of success and promotion.
Nonetheless, there isn’t a point out of the Foxes’ present standing in League One following consecutive relegations from the Premier League and Championship.
Monetary projections included within the gross sales materials forecast turnover of greater than £97m for the 2026 monetary yr, though earlier monetary losses and money owed, together with greater than £100m in financial institution loans disclosed within the membership’s most up-to-date accounts, are usually not referenced.
Leicester have recorded losses exceeding £180m throughout a turbulent interval that noticed them bounce between the Premier League and Championship earlier than slipping into the third tier.
King Energy bought Leicester from Milan Mandaric for £35m in 2010, overseeing essentially the most profitable spell within the membership’s historical past.
Srivaddhanaprabha period ending
Present chairman Aiyawatt Srivaddhanaprabha took over following the demise of his father, Vichai Srivaddhanaprabha, within the helicopter crash exterior the King Energy Stadium in 2018.
Experiences first emerged in July that the household have been exploring a sale, however the circulation of the gross sales brochure marks the clearest indication but that they’re actively searching for new funding.
The choice comes after a tough interval each on and off the pitch. Leicester’s relegation to League One prompted protests from supporters, lots of whom referred to as for a change of possession, whereas King Energy’s duty-free enterprise has additionally confronted monetary challenges in Thailand.
Regardless of the membership’s decline, Leicester are being marketed as one in every of solely 5 English golf equipment to have received the Premier League, FA Cup and League Cup since 2000.
The prospectus additionally factors to the power of the membership’s academy, highlighting its monitor report of growing gamers and producing switch revenue.
One current instance is Jeremy Monga, who joined Manchester Metropolis in a £10m deal earlier this summer time.
