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Leicester City, 2016 Premier League champions, up for sale for over 200 million pounds
๐Ÿ‡ญ๐Ÿ‡ท Croatia /Sports

Leicester City, 2016 Premier League champions, up for sale for over 200 million pounds

From Veฤernji List · () Croatian

Translated from Croatian, summarized and contextualized by DistantNews.

At a glance

News From a news agency New plan
  • Leicester City, the 2016 Premier League champions, is for sale with owners King Power seeking over 200 million pounds.
  • The club, now in League One, has faced financial and management issues, including a six-point deduction for breaching spending rules.
  • The sale package includes the men's and women's teams, stadium, training center, and Belgian sister club OH Leuven.

Leicester City, the sensational 2016 English champions, is on the market, with owners King Power aiming for a sale price exceeding 200 million pounds (234 million euros), BBC reported Thursday.

The club, founded in 1884, sensationally won the Premier League title in 2016, just two years after its first promotion. However, the journey since has been tumultuous. Following the tragic death of owner Vichai Srivaddhanaprabha in a helicopter crash in 2018, the club experienced a decline in results. Despite winning the FA Cup in 2021, Leicester City has fallen from the Premier League to the third tier of English football, League One, in the past two seasons.

Financial and management problems have surfaced, with the club receiving a six-point deduction last season for violating the English Football League's (EFL) spending rules. The sale includes the men's and women's football clubs, the 32,000-seat King Power Stadium, the Seagrave training center opened in 2020, and the Belgian sister club OH Leuven.

DistantNews Editorial

Originally published by Veฤernji List in Croatian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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