Leicester City are on the market, with Thai ownership group King Power seeking a buyer for the club at a price tag exceeding £224 million, according to Sky Sports.

The development marks a significant moment for a club that has experienced dramatic highs and lows in recent years — from the miraculous Premier League title triumph in 2016 to a painful relegation and subsequent return to the top flight.

King Power, led by the Srivaddhanaprabha family, has owned Leicester City since 2010 and oversaw the most celebrated chapter in the club's history. However, the group now appears ready to move on, with the asking price reflecting both the club's infrastructure and its standing in English football.

The £224 million valuation positions Leicester City as a significant acquisition for any prospective buyer, particularly given the club's global brand recognition built during their title-winning era and their established Premier League status.

No buyer has been publicly identified at this stage, and it remains to be seen whether a deal will be concluded in the coming months. Sky Sports reporter Rob Dorsett has been following developments closely, highlighting the financial and strategic factors driving King Power's decision to seek a sale.

The potential sale adds Leicester City to a growing list of English clubs to change hands in recent years, as investor appetite for Premier League football continues to attract significant global interest.