Leicester City’s long-standing ownership under King Power could be coming to an end, with the Thai group reportedly putting the club up for sale after 16 years.

The development follows reports that a sales brochure prepared by US investment bank Citigroup has been distributed to potential investors.

The document, reportedly titled “Project Lineup,” includes Leicester’s men’s and women’s teams, the 32,000-capacity King Power Stadium and the Seagrave training ground.

The club’s Belgian sister side, OH Leuven, is also part of the proposed package.

The physical assets are valued at more than £200 million, although no separate valuation has been given for the football teams.

Leicester are being marketed on their impressive history, including their extraordinary Premier League title success in 2016 and FA Cup triumph five years later.

However, the proposed sale comes during one of the most difficult periods in the club’s recent history. Leicester have suffered successive relegations and will compete in League One after dropping from the Championship last season.

Their financial situation is also significant, with the club’s 2025 accounts showing £103.6 million in bank loans and reported losses exceeding £180 million.

King Power acquired Leicester in 2010 for £35 million. The ownership period produced the greatest success in the club’s history, but recent struggles have increased pressure from supporters.

Despite the downturn, Leicester remain an attractive proposition because of their history, academy system, facilities and potential to climb back through the English football pyramid.