Sport
Leicester City Football Club Put Up for Sale by Srivaddhanaprabha Family
The owners of Leicester City FC have initiated a sale process for the club, with investment bank Citigroup managing the distribution of information to potential buyers.
According to a report by The Athletic cited by Khaosod Online, the Srivaddhanaprabha family has engaged Citigroup to facilitate the sale of Leicester City Football Club. The investment bank has prepared documentation for potential investors detailing the club's assets, which include the women’s team, the youth academy, the King Power Stadium, and the £100 million Seagrave training facility. The Belgian club OH Leuven is also reportedly included in the sale package.
While the owners are seeking an offer in the region of £222 million—a significant increase from the £40 million purchase price in 2010—market analysts suggest the final sale price may settle closer to £148 million. This valuation adjustment is attributed to the club's recent relegation to League One, the third tier of English football.
For residents and visitors in Thailand, this news highlights a major shift for a club that has maintained strong ties to the country through its ownership. The sale process remains in its early stages, and it is yet to be confirmed which investors will emerge as serious bidders or how the transition of ownership might impact the club's long-term operations. As the situation develops, stakeholders are waiting to see if a buyer will meet the valuation expectations set by the current ownership.