Leicester City takeover state of play as King Power decision made and deadline passes

Leicester City's ownership future remains unresolved after an extended bidding deadline passed without an announced deal. Current owners King Power International reportedly sought around £222 million for their full portfolio through Citigroup in a sales brochure titled 'Project Lineup'. The extended bidding deadline lapsed on October 16, though at least one American consortium and Indian-Scottish businessman Neil Lal have registered interest.

King Power has recently scaled back other operations, including closing duty-free branches in Thailand and downsizing their racing stable. While director of football Jon Rudkin previously affirmed chairman Khun Top's commitment to the club, any accepted proposal must still pass the Football League's fit and proper owners' test as manager Russell Martin focuses on their League One campaign.