Sport

Leicester owners looking to sell club for more than £200 million, BBC reports

Read a summary of this article on FAST.

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

Aug 13 : Leicester City’s owners King Power, who have been in charge of the Midlands club since 2010, are looking to sell the third-tier outfit for more than £200 million ($270 million), the BBC reported on Thursday.

Leicester, whose Premier League triumph in 2016 was a major upset, have dropped to League One after finishing second-from-bottom in the Championship last season.

Reuters has asked Leicester for comment.

Thai travel retail group King Power founder Vichai Srivaddhanaprabha bought Leicester from Milan Mandaric after the company signed a shirt sponsorship deal with the club.

Show More

Show Less

Leicester, founded in 1884, were promoted to the Premier League in 2014 and secured their first top-flight title two years later. The club won their only FA Cup in 2021.

Srivaddhanaprabha died in 2018 when his helicopter crashed outside the club’s stadium.

Leicester have struggled to manage their finances in recent years and have been relegated in successive seasons. They were docked six points last term for breaching EFL spending rules.

($1 = 0.7409 pounds)

Source: Reuters

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Get bite-sized news via a new
cards interface. Give it a try.

Click here to return to FAST
Tap here to return to FAST

About The Author

admin

See author's posts