King Power Out

[urban.spaceman]

 

37 minutes ago, Stevosevic said:

Americans with ambition please. 

Heard this guy is interested:

 

[Finnegan]

12 minutes ago, lcfcfoz said:

Bale wanted cardiff in League 1. Could he afford us

 

Cardiff could be in the Prem and they'd probably still be cheaper and easier to buy than we are right now. Not actually joking. 

 

And Bale is from Cardiff. Why would he buy Leicester? 

 

[moore_94]

6 minutes ago, Cincinnati Fox said:

Whats the average and record sale of a L1 club?

About £10m to £40m depending on the size of the club

 

Ours would be a lot more due to the debts that would need paying off and the training ground etc.

 

Unless it is the kind of deal where because of how much Top / King Power are losing from covering costs and the debts we have that they agree to a smaller nominal fee and the new owner takes on the debts etc

 

Sounds perfect for Mike Ashley

Edited 2 hours ago by moore_94

[FoxesWalk]

1 hour ago, VLC86 said:

here we go

 

https://www.ft.com/content/0b2a609f-8c21-432f-afc5-3080d080c3ae?syn-25a6b1a6=1

Best news on us in a very, very long time 

[Samilktray]

2 minutes ago, Finnegan said:

 

Cardiff could be in the Prem and they'd probably still be cheaper and easier to buy than we are right now. Not actually joking. 

 

And Bale is from Cardiff. Why would he buy Leicester? 

 

Because he could of played for England and buying us might be his way of making that up to himself

[FoxesWalk]

It’s gonna be Ashley though isn’t it 🥲😭

[Cincinnati Fox]

4 minutes ago, moore_94 said:

About £10m to £40m depending on the size of the club

 

Ours would be a lot more due to the debts that would need paying off and the training ground etc.

If I was a super rich American that does not sound very tempting!

[st albans fox]

19 minutes ago, StanSP said:

Must be talking to the same mate

 

Short answer: probably somewhere in the £150–250m enterprise value range today — a fraction of the ~£600m+ (Forbes' ~$781m) the club was worth as a Premier League side just a couple of years ago. Here's the reasoning, based on the FY2024/25 accounts and their current situation (second relegation in two years, now in League One for 2026-27):

Balance sheet (year to 30 June 2025)

Total assets: £401m — player registrations £117m (net book value), fixed assets £197m (King Power Stadium carried at £44m depreciated replacement cost, Seagrave training ground at £100m), transfer receivables £56m, other assets £30m

Total liabilities: £286m — £103m external debt (mostly Macquarie facilities secured against future TV/parachute income), £60m owed to the parent company, £81m transfer payables

Net assets: ~£114m, per the club's own accounts

On the "loans to write off" point

This is largely already done — King Power converted £124m of shareholder loans into equity in January 2025, on top of the £194m written off back in 2013–2023. There isn't much shareholder debt left to forgive; what remains is external bank/Macquarie debt secured against future revenue streams, which a buyer would have to actually service or refinance, not just wave away.

Why book value understates the real number

The stadium's £44m figure is depreciated accounting value, not market value — and it's genuinely prime, sole-use real estate in a city with no rival ground.

£100m for a purpose-built 2020 training complex like Seagrave is close to replacement cost.

There have reportedly been informal talks about a consortium buying the stadium and training ground as a standalone real-estate/investment play, separate from the football club itself — which tells you the physical assets are seen as worth more than the football operation right now.

Why the football club itself is worth much less than 2023 estimates

Two relegations in three seasons (Premier League → Championship → League One) has gutted broadcast revenue, sponsorship value, and brand strength. League One clubs typically change hands for £10–40m as going concerns; Leicester's parachute payments and infrastructure lift that well above a typical League One peer, but nowhere near the £600m+ Premier League-era number.

Put together — assets (stadium + training ground at something closer to market value, plus playing squad) minus real external debt — I'd land around £150–250m as a fair enterprise value estimate, with the physical infrastructure doing most of the heavy lifting. Happy to go deeper into any one piece (e.g., a comps-based approach using recent League One/Championship club sale s) if useful.

I’d look at the valuation of the ground and training complex like this 

the stadium valuation is reasonable 

 

any football club in the city needs somewhere to play and building a new 15k stadium would likely cost more than that. (Inc the land ) 

 

seagrave is a totally different animal. No club outside the upper echelons of the PL needs a training ground of that size and cost. 
its valuation as a depreciating asset in the accounts is clearly overstated if you were to try and sell it or replace it with a training ground suited to the current needs of the club. Anyone looking to buy the club would value seagrave at its value as a hotel and conference centre, taking into account the costs of renovation to do that. 

 

 

[Sankey93]

It will be Americans there taking over English football! 

[Jacob7839]

Very reliable source aswell

[HankMarvin]

Total funding is probably over 500m and they have invested over 420m so you would think it would be a substantial amount with 320m investment in just the last 3 years 

[wurmer]

I’d take Ashley over this lot. 

[Brixtonfox]

16 minutes ago, Cincinnati Fox said:

Whats the average and record sale of a L1 club?

When do you need this report by?

[MPH]

1 hour ago, Finnegan said:

 

Tbf, their asking price won't be what demands the most of a potential buyer. 

 

If someone wants to come in and properly right the ship, get rid of the Macquarie obligations that are killing us off, pay off the transfer debt we owe, get us properly climbing in the right direction again then they're going to need to be really ****ing wealthy. 

 

The kind of wealth that makes whatever Top wants for the club probably irrelevant. 

 

As shit as he is as an owner I'm still terrified of a sale. I can still see us going to some parasite hedge fund. 

 

 

the only thing I  think that would make us attractive to the kind of person you mention  would be a bigger stadium and fanbase, rather than a 32k prefab stadium. And 98% localised fanbase.

 

other than that, maybe musk  would like us as a project and have hot dogs and burgers being delivered by drone to our seats with everything solar powered in some stupid futuristic £4pm stadium

 

The most we can hope for is someone who perhaps, once the debt is paid off, won’t put in  much investment-wise but will run us properly and put the right people in charge and maybe have a 5 year project to get us back to the prem.

Edited 1 hour ago by MPH

[urban.spaceman]

12 minutes ago, moore_94 said:

About £10m to £40m depending on the size of the club

 

Ours would be a lot more due to the debts that would need paying off and the training ground etc.

 

Unless it is the kind of deal where because of how much Top / King Power are losing from covering costs and the debts we have that they agree to a smaller nominal fee and the new owner takes on the debts etc

 

Sounds perfect for Mike Ashley

 

9 minutes ago, FoxesWalk said:

It’s gonna be Ashley though isn’t it 🥲😭

Can we limit the use of *that* name please? 

 

I'm worried that if we say it too many times he will appear to us. 

 

Kinda like Candyman. 

[MPH]

11 minutes ago, FoxesWalk said:

It’s gonna be Ashley though isn’t it 🥲😭

 

 

Mods…

[Sankey93]

Citigroup helped find buyer for Newcastle apparently. 
 

Global Buyers & Capital Partners

To find a buyer, Citigroup’s Sports Finance division directly taps into massive global networks of institutional wealth:

Sovereign Wealth Funds: Citi has longstanding relationships with major sovereign wealth groups. For instance, Citi historically advised Saudi Arabia's Public Investment Fund (PIF) on sports sector investments, including the high-profile acquisition of Newcastle United. 

[Nolucklcfc]

Really hope this isn’t a false dawn 

[Golden Fox]

18 minutes ago, Samilktray said:

Because he could of played for England and buying us might be his way of making that up to himself

Leicester. Wales. Golf. Madrid.

 

In that order.

[moore_94]

8 minutes ago, urban.spaceman said:

 

Can we limit the use of *that* name please? 

 

I'm worried that if we say it too many times he will appear to us. 

 

Kinda like Candyman. 

He’s coming for us… the sooner you accept the truth the better

 

[urban.spaceman]

4 minutes ago, Sankey93 said:

Citigroup helped find buyer for Newcastle apparently. 
 

Global Buyers & Capital Partners

To find a buyer, Citigroup’s Sports Finance division directly taps into massive global networks of institutional wealth:

Sovereign Wealth Funds: Citi has longstanding relationships with major sovereign wealth groups. For instance, Citi historically advised Saudi Arabia's Public Investment Fund (PIF) on sports sector investments, including the high-profile acquisition of Newcastle United. 

Sultan of Brunei to come in and rescue the club that employed his nephew as a footballer for some reason?

 

[urban.spaceman]

I didn't know he had two heads ¯\_(ツ)_/¯ 

[Ryy]

Why do you think we’ve done well selling players? He’s asset stripping us before he dips 

[VLC86]

1 minute ago, Ryy said:

Why do you think we’ve done well selling players? He’s asset stripping us before he dips 

Hopefully it being used to settle the debts.

 

We’ve defo done a number on Martin haven’t we,

[Stuntman_Mike]

4 minutes ago, urban.spaceman said:

Sultan of Brunei to come in and rescue the club that employed his nephew as a footballer for some reason?

 

He probably heard you type that.