Sport

Leicester City Put Up For Sale With £225m Asking Price

AI SUMMARY

Leicester City's owners King Power have put the club up for sale with a £225m asking price and a Friday takeover bid deadline.

King Power has officially set a Friday deadline for potential investors to submit takeover bids for Leicester City.
Investment bankers at Citi are managing the sale process.
The Srivaddhanaprabha family is holding out for a valuation of £225m.
A £225m deal would shatter the existing record for a takeover of a League One club.
King Power originally purchased the club from Milan Mandaric for £35m in 2010.
Under King Power, Leicester won the Premier League title in 2016 and the FA Cup in 2021.
The club currently languishes in 17th place in League One following back-to-back relegations.