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King Power struggling to sell club as Leicester City financial situation grows dire

Leicester City are in a troubling spot, and without a takeover, the situation may get far worse. Here is why the Foxes are struggling to sell up.

By Elliot Mackness · Foxes of Leicester

Published: Tuesday, 22 September 2026 at 9:42 AM

Key Things to Know

King Power missed its self-imposed deadline to complete the sale of Leicester City.
Owner Aiyawatt Srivaddhanaprabha placed the club up for sale following relegation to League One.
Simon Jordan criticized the club's reported £200 million price tag as unrealistic for a third-tier team.

The Story in 60 Seconds

Leicester City ownership, King Power, is struggling to finalize a sale of the club after a self-imposed deadline passed without a deal. Following relegation to League One, owner Aiyawatt Srivaddhanaprabha put the former Premier League champions up for sale amid mounting financial difficulties and high squad wages.

The club reportedly faces an unsustainable financial situation despite offloading multiple players in recent transfer windows. Pundit Simon Jordan suggested the club's reported £200 million valuation is unrealistic for a League One side and warned administration could occur if no buyer emerges.

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