Leicester City are up for sale, with Thai owners King Power attaching a price tag of £224 million to the club's core assets — including both the men's and women's first teams, King Power Stadium, training facilities for each side, and Belgian sister club OH Leuven.

The sale is being handled under the codename Project Lineup, with investment bank Citigroup retained to identify prospective buyers. Sky Sports News has seen the sales brochure produced for the process, which frames the acquisition as a rare chance to take ownership of one of English football's more decorated clubs of the modern era.

What is included in the sale

The brochure places a £224 million valuation on the physical assets, while no separate figure is assigned to the football clubs themselves. In 2023, Leicester purchased the land surrounding King Power Stadium with ambitions to expand its capacity to 40,000, add a new hotel, and develop an entertainment complex on the site.

Citigroup projects the club's revenue for the 2026 financial year at £97 million. Notably absent from the document, however, are any references to Leicester's two relegations between 2023 and 2025, or the financial losses that accompanied that period.

The Srivaddhanaprabha family's ownership

King Power, controlled by the Srivaddhanaprabha family, acquired Leicester for just £35 million from Milan Mandaric back in 2010. In the years since, the family have converted close to £300 million of debt into equity, leaving the club largely debt-free outside of minor maintenance loans.

Sources have told Sky Sports News that King Power feel no urgency to sell. The family intend to continue funding the club fully until a credible buyer emerges, and have already backed head coach Russell Martin with nine new signings this summer.

A selective sales pitch

The brochure positions Leicester as the sixth most successful club in English football since 2000, highlighting their stunning Premier League title in 2016, along with the FA Cup and Community Shield won in 2021. Profitable departures — including Ben Chilwell, Harvey Barnes, and Kieran Dewsbury-Hall — are referenced alongside former icons Gary Lineker and Emile Heskey as proof of the club's legacy and commercial appeal.

The document makes no mention of Leicester's current position in League One. Leicester City declined to comment when approached by Sky Sports News.