Leicester City have been placed on the market by their Thai owners, with the former Premier League champions preparing for life in the third tier of English football.
From Premier League glory to League One
Only a decade after completing one of football’s greatest title surprises, the Foxes are set to compete in England’s third division for just the second time in their history this season.
Leicester lifted the FA Cup for the first time in 2021, but their fortunes have since taken a dramatic turn. The club suffered consecutive relegations, dropping from the Premier League in 2025 before falling out of the Championship in 2026.
- The club was punished with a six-point deduction last season.
- The sanction followed a breach of the Football League’s profit and sustainability regulations.
- The penalty contributed to Leicester’s slide into League One.
King Power seeks a buyer
King Power, the Thai company controlled by the Srivaddhanaprabha family, has appointed a major United States investment bank to assist with the search for a purchaser. Leicester’s assets are reportedly being valued at more than £200 million ($269 million).
King Power acquired the club in 2010 in a transaction worth £35 million.
Aiyawatt Srivaddhanaprabha became Leicester chairman after his father, Vichai, died in a helicopter accident outside the King Power Stadium in 2019.
Chairman accepts responsibility as promotion campaign begins
After the relegation at the end of last season, Aiyawatt said he needed to accept the “blame” for Leicester’s position. He also indicated that the club’s “structure will change”.
Russell Martin’s team will begin its attempt to win promotion on Saturday, when Leicester travel to Notts County.
