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.
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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