Leicester City is up for sale by Thai owners King Power for more than £200 million, with a brochure listing assets including the men’s and women’s teams, King Power Stadium, training facilities, and OH Leuven, though no price is set for the football squads.

Citigroup prepared a brochure named Project Lineup for potential investors, with OH Leuven also referenced as part of the deal.

Sources peg the full portfolio at around $300 million, but a sale nearer £148 million (€148 million) is deemed more likely given relegation to League One and ongoing losses.

After an initial relegation, Leicester climbed back to the Championship before being relegated again to League One amid turbulent years.

The club’s high point was the 2016 Premier League title, but losses and a six-point deduction for financial infractions helped push it toward the lower tiers.

King Power Group acquired Leicester in 2010 and orchestrated the 2016 title, yet the club’s trajectory has declined since.

Notable player movements and new signings are highlighted as part of efforts to strengthen the squad under manager Russell Martin.

Vichai Srivaddhanaprabha died in 2018, and his son Aiyawatt took over as chairman.

Fan unrest has grown with on-pitch decline, pushing calls for sale, though Aiyawatt Srivaddhanaprabha has reaffirmed long-term commitment to the club.

The sale pitch touts Leicester as a rare opportunity due to promotions and trophies, while not noting the current League One status or multiple relegations in four seasons.

Industry reporting suggests the sale could take years, with buyers weighing debt, fan base, parachute payments, and long-term prospects.

Russell Martin was appointed on a three-year contract to stabilize results as the club navigates its current trajectory.