Leicester City began their League One season with a 1-1 draw at Notts County on Saturday — just days after the club was officially put up for sale, drawing a line under one of English football's most extraordinary ownership stories.

The Foxes have been in the hands of Thai retail conglomerate King Power since 2010. Within six years, the owners had engineered one of sport's greatest upsets, steering Leicester from the Championship to a Premier League title that stunned the world. The 2015-16 title win remains one of football's most celebrated fairytales.

Yet the years since have been turbulent. The death of chairman Vichai Srivaddhanaprabha in a helicopter crash outside the King Power Stadium in 2018 cast a long shadow, and under his son Aiyawatt, the club has suffered successive relegations — dropping out of the Premier League and then the Championship in back-to-back seasons.

King Power's legacy under scrutiny

Fan frustration over those declines has intensified, and King Power have now responded by placing the club on the market for a reported £200 million. It is a bittersweet moment for many who remember what the Thai family built.

Former England striker Emile Heskey — a Foxes academy graduate and now head of football development for the club's women's sides — has urged supporters not to let recent disappointments erase the memory of what King Power achieved.