Financial Times · United Kingdom · Thai Examiner
King Power in tentative talks with Citigroup about Leicester City sale after freefall to UK’s third tier
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From 5,000-1 Premiership miracle to League One misery. King Power is reportedly exploring a sale of Leicester City as Citigroup seeks potential buyers amid consecutive relegations, mounting losses and growing pressure on the Thai owners.
Key facts
- From 5,000-1 Premiership miracle to League One misery
- Multiple relegations, falling revenues and a £71.1 million loss deepened Leicester City’s crisis
- King Power is reportedly exploring the sale of Leicester City after consecutive relegations, a £71.1 million loss and mounting pressure on its Thai duty-free empire
- No sale is certain, but the review could end a remarkable 15-year era that has linked Thailand and the United Kingdom.
- Citigroup review signals King Power’s most serious examination yet of Leicester City’s ownership
- King Power’s Thai duty-free empire provided the financial base for its Leicester City takeover bid
Summary
King Power is reportedly exploring the sale of Leicester City after consecutive relegations, a £71.1 million loss and mounting pressure on its Thai duty-free empire. Citigroup has been approached to assess potential buyers, placing one of football’s greatest ownership stories at a decisive point. The Srivaddhanaprabha family transformed Leicester into Premier League champions, FA Cup winners and Champions League quarter-finalists.
King Power is reportedly considering selling Leicester City after 15 years of ownership, bringing one of football’s most celebrated investment stories to a critical point.