Leicester owners looking to sell club for more than £200 million, BBC reports
· CNA · JoinRead 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
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.
CNA Games
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
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)
Newsletter
Recommended Read
Subscribe to CNA's Recommended Read
A single handpicked story that we think you shouldn't miss. Just one a day.
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