# Leicester City ownership sale

> Live situation record from CLSTR: https://clstr.news/situations/leicester-city-ownership-sale
> Updated: 2026-08-28T04:05:57.000Z. Sources: 2. Developments: 2.

The Thai owners of Leicester City, King Power, have put the club up for sale through a process titled ‘Project Lineup’. Managed by Citigroup, the sale package includes the men’s and women’s teams, the King Power Stadium, the Seagrave training facility, and the Belgian club OH Leuven. The move follows a period of decline for the club, which has faced successive relegations and significant financial challenges, including accumulated losses exceeding £180 million.

As the sale progresses, interested bidders have been given until September 14, 2026, to submit formal offers. A consortium led by Neil Lal is among the groups in discussions. The club is reportedly valued at over €230 million, excluding inherited debt. This ownership transition occurs as the club struggles in League One, having earned only one point from its first two matches of the 2026/27 season.

## Timeline

### 2026-08-28: Leicester City faces takeover race amid League One struggles

Leicester City is seeking new ownership, with bidders facing a September 14 deadline for a club valued at over €230 million following recent relegations to League One.

2 sources. https://clstr.news/cluster/leicester-city-faces-takeover-race-amid-league-one-struggles

### 2026-08-13: Leicester City put up for sale by King Power

Leicester City is up for sale by King Power for over £200 million, including its stadium and training facilities, following recent relegations and significant financial losses.

26 sources. https://clstr.news/cluster/leicester-city-owners-seek-to-sell-club-and-assets

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Cite as: Leicester City ownership sale. CLSTR, https://clstr.news/situations/leicester-city-ownership-sale