Leicester City For Sale (Ongoing Thread)

[Stavros81]

21 minutes ago, justfoxes said:

Asked Chat GPT regarding any news of the takeover to go through the papers etc this is what it came up with, regarding potential deals buyers etc asking if the Boehly rumours have any substance ?!

 

— there is fresh LCFC takeover chatter tonight (21 September), but the important distinction is between what’s confirmed and what’s speculation.

The strongest confirmed fact remains that King Power is exploring a sale and Citigroup has been engaged in the process. Sky Sports reported that the sales material valued the package at about £224m, including the stadium, Seagrave training facilities, the men’s and women’s teams and OH Leuven.

The biggest development today is a report quoting former Everton CEO Keith Wyness suggesting King Power may ultimately have to accept something nearer £100m rather than the £200m+ valuation. Importantly, that is Wyness’s assessment, not evidence that a £100m bid has been accepted. He also believes a credible buyer could be operating quietly rather than appearing in the press.

There’s also continuing interest around Neil Lal’s Bharat Consortium. Lal has publicly said his group has made an offer and has been communicating directly with the club rather than going through Citigroup.

The Turki Alalshikh story is still alive too. Recent reporting says he has been discussed in connection with Leicester following the collapse of his Derby County move, but I haven’t found reliable confirmation that he has submitted an LCFC bid. The latest claims about how quickly he could obtain EFL approval are commentary from Wyness, rather than confirmation of a transaction.

And there’s one particularly interesting piece of official LCFC information: on 15 September Leicester announced that £8.5m of King Power funding had been converted into equity. The club specifically stated that there had been “no change to the ownership structure” and the Srivaddhanaprabha family remained the ultimate beneficial owners at that point.

So, as of tonight: the sale process appears real, but I can’t verify that a buyer has been selected, exclusivity granted, or a sale agreed. The rumours about a less-publicised American investor are worth watching, but at present I’m not seeing sufficiently strong independent reporting to treat that as established fact.

And on the Todd Boehly angle we’ve been watching, I still haven’t found solid evidence connecting him personally to an LCFC bid. The Citigroup connection by itself isn’t evidence of Boehly involvement

He also said this 

 

Turki Alalshikh could potentially seal a swift takeover at Leicester City in the coming months.

That is according to former Everton chief executive Keith Wyness, speaking exclusively to Football Insider, who believes that the Saudi Arabian billionaire would find it easy to get the necessary approval from the EFL.

[Lineker's Left Foot]

25 minutes ago, Stavros81 said:

He also said this 

 

 

Turki Alalshikh could potentially seal a swift takeover at Leicester City in the coming months.

That is according to former Everton chief executive Keith Wyness, speaking exclusively to Football Insider, who believes that the Saudi Arabian billionaire would find it easy to get the necessary approval from the EFL.

Unfortunately the most important word in this sentence is could.

[Mike1983]

1 hour ago, Stavros81 said:

He also said this 

 

 

Turki Alalshikh could potentially seal a swift takeover at Leicester City in the coming months.

That is according to former Everton chief executive Keith Wyness, speaking exclusively to Football Insider, who believes that the Saudi Arabian billionaire would find it easy to get the necessary approval from the EFL.

Sounds like a lovely fella. Gerrim!

[MPH]

I know they said a deadline for interested bids… but you can guarantee someone comes along now and offers close to the asking price, of course they will accept it. There’s no way they’d turn down an extra couple hundred million pounds  because it was “ too late”.

 

and that’s the scenario that could bring Bohley or Turki into the mix

Edited Tuesday at 11:02 by MPH

[grth2004]

9 minutes ago, MPH said:

I know they said a deadline for interested bids… but you can guarantee someone comes along now and offers close to the asking price, of course they will accept it. There’s no way they’d turn down an extra couple hundred million pounds  because it was “ too late”.

 

and that’s the scenario that could bring Bohley or Turki into the mix

The deadline thing was the most desperate embarrassing stunt , can’t imagine billionaires like being told when they can and can’t bid. 
Most will wait around like vultures for administration for a half price bottom of the bin deal. 

Edited Tuesday at 11:11 by grth2004

[cruzFOX]

We ain’t gonna know anything credible until a a ‘reasonable’ bid has been formally accepted and the financial machine starts churning away.

i say ‘reasonable’ bid in the sense it’s close to the valuation and not the KP asking price.

dont think Top Is a in a very strong place to negotiate up.

[Sly]

So just to highlight where we are then.

 

🔵 King Power value is £222m.

 

🔵 That valuation is for Men’s team. Women’s team, OHL, Both Stadiums, Seagrave, OHL training ground and Belvoir Road. 

 

🔵 Sales process is ongoing

 

🔵 14th September deadline has passed.

 

🔵 Lal consortium has tried to circumvent Citibank and deal directly with King Power.

 

🔵 Two or three interested parties reported.

 

🔵 Turki Alalshikh sounded out / rumoured, however no confirmed interest.

 

🔵 No preferred bidder announced.

 

🔵 £8.5m worth of debt converted to equity.

 

🔵 No further update from King Power / Citibank and it has all gone a bit quiet.

[ClaphamFox]

Todd Boehly assembling a consortium of Gulf billionaires to buy Lukoil’s international assets. Surely there’s room somewhere in the portfolio for a League One football club in the East Midlands?

 

https://www.ft.com/content/152aa77b-977f-4607-8a09-77291f85d2a0?syn-25a6b1a6=1

[FoxinNotts]

4 hours ago, Sly said:

So just to highlight where we are then.

 

🔵 King Power value is £222m.

 

🔵 That valuation is for Men’s team. Women’s team, OHL, Both Stadiums, Seagrave, OHL training ground and Belvoir Road. 

 

🔵 Sales process is ongoing

 

🔵 14th September deadline has passed.

 

🔵 Lal consortium has tried to circumvent Citibank and deal directly with King Power.

 

🔵 Two or three interested parties reported.

 

🔵 Turki Alalshikh sounded out / rumoured, however no confirmed interest.

 

🔵 No preferred bidder announced.

 

🔵 £8.5m worth of debt converted to equity.

 

🔵 No further update from King Power / Citibank and it has all gone a bit quiet.

*Belvoir Drive

[Tommy G]

21 hours ago, grth2004 said:

The deadline thing was the most desperate embarrassing stunt , can’t imagine billionaires like being told when they can and can’t bid. 
Most will wait around like vultures for administration for a half price bottom of the bin deal. 

Happens in every M&A deal, not unique to Leicester City. 

[CosbehFox]

22 hours ago, grth2004 said:

The deadline thing was the most desperate embarrassing stunt , can’t imagine billionaires like being told when they can and can’t bid. 
Most will wait around like vultures for administration for a half price bottom of the bin deal. 

No the deadline thing was a functional industry standard any corporate sale would have 

[CosbehFox]

5 hours ago, Sly said:

So just to highlight where we are then.

 

🔵 King Power value is £222m.

 

🔵 That valuation is for Men’s team. Women’s team, OHL, Both Stadiums, Seagrave, OHL training ground and Belvoir Road. 

 

🔵 Sales process is ongoing

 

🔵 14th September deadline has passed.

 

🔵 Lal consortium has tried to circumvent Citibank and deal directly with King Power.

 

🔵 Two or three interested parties reported.

 

🔵 Turki Alalshikh sounded out / rumoured, however no confirmed interest.

 

🔵 No preferred bidder announced.

 

🔵 £8.5m worth of debt converted to equity.

 

🔵 No further update from King Power / Citibank and it has all gone a bit quiet.

You won’t hear anything for a while. 
 

Any party on next stage will be subject to NDA

[Groby_Blue]

On 21/09/2026 at 20:56, Stavros81 said:

He also said this 

 

 

Turki Alalshikh could potentially seal a swift takeover at Leicester City in the coming months.

That is according to former Everton chief executive Keith Wyness, speaking exclusively to Football Insider, who believes that the Saudi Arabian billionaire would find it easy to get the necessary approval from the EFL.

I always thought chatGPT was a bird 

[Lambert09]

talk sport exclusive: the Lal consortium are interested in buying Leicester again now after a thumping win against Fulham under 21s.  Neil lal “ that result shows that the club is moving in the right direction and has a lot of value, we still think the clubs valuation is high but that might change if the lcfc women’s team win at the weekend” 

 

Neil Lal told talksport exclusive correspondent Ben Jacob’s that he is a 100% interested and has the capital to do it. But only if rangers are not available and the exchange rate in India hits 100 Rupees to 1 Pound. 
 

click link to see Jason Cundy in a Ledley King mask telling Jamie O’hara that Dominick solanke couldn’t hit a dart board with a banjo 

Edited Wednesday at 13:54 by Lambert09

[davieG]

2 minutes ago, Lambert09 said:

talk sport exclusive: the Lal consortium are interested in buying Leicester again now after a thumping win against Fulham under 21s.  Neil lal “ that result shows that the club is moving in the right direction and has a lot of value, we still think the clubs valuation is high but that might change if the lcfc women’s team win at the weekend” 

 

Neil Lal told talksport exclusive correspondent Ben Jacob’s that he is a 100% interested and has the capital to do it. But only if rangers are not available and the exchange rate in India hits 100 Rupees to 1 Pound. 
 

click link to see Jason Cundy in a Ledley King mask telling Jamie O’hara that Dominick solanke couldn’t hit a dart board with a banjo 

So he's only interested after we or the women win. 

[Stavros81]

3 hours ago, Groby_Blue said:

I always thought chatGPT was a bird 

Keith Wyness?

Edited Wednesday at 15:02 by Stavros81

[-sodapop]

https://footballleagueworld.co.uk/ex-chelsea-and-southampton-star-ryan-bertrand-eyeing-afc-wimbledon-takeover/

 

Glad to know the massive wedge of wages we had him on are being put to good use

[Tommy G]

13 minutes ago, -sodapop said:

https://footballleagueworld.co.uk/ex-chelsea-and-southampton-star-ryan-bertrand-eyeing-afc-wimbledon-takeover/

 

Glad to know the massive wedge of wages we had him on are being put to good use

He will be putting about 1% of the money in, if not zilch. 

[ronnup]

The LOL consortium 

[Corky]

7 hours ago, CosbehFox said:

You won’t hear anything for a while. 
 

Any party on next stage will be subject to NDA

You mean they won't be on the Jim White show shouting the odds? 

[justfoxes]

12 hours ago, Sly said:

So just to highlight where we are then.

 

🔵 King Power value is £222m.

 

🔵 That valuation is for Men’s team. Women’s team, OHL, Both Stadiums, Seagrave, OHL training ground and Belvoir Road. 

 

🔵 Sales process is ongoing

 

🔵 14th September deadline has passed.

 

🔵 Lal consortium has tried to circumvent Citibank and deal directly with King Power.

 

🔵 Two or three interested parties reported.

 

🔵 Turki Alalshikh sounded out / rumoured, however no confirmed interest.

 

🔵 No preferred bidder announced.

 

🔵 £8.5m worth of debt converted to equity.

 

🔵 No further update from King Power / Citibank and it has all gone a bit quiet.

God only knows why they didn’t try and sell OHL to a Belgian consortium why would the new owner want or even need two football clubs and two money pits?

[dillonpanthers87]

CLUB STATEMENT: MARYLAND GLOBAL CHICKEN ENTERPRISE ACQUIRES LEICESTER CITY

 

Maryland Global Chicken Enterprise has completed the acquisition of Leicester City FC for £1, two battered wings and the remaining balance on Jannik Vestergaard. The takeover returns the club to its Leicester heritage: football, questionable financial decisions and fried chicken after midnight.

 

Effective immediately, the King Power becomes THE FRYER and Seagrave becomes THE HATCHERY. Free Rubicon at every home game. Substantial transfer funds will be released from Maryland’s previously undisclosed Strategic Chicken Reserve, while the club has confirmed that Profit and Sustainability Rules have been reviewed and “appear broadly compatible with the sale of chicken.”

 

Maryland Chairman: “For 30 years people have looked at Maryland and seen a chicken shop. That was their mistake. We have always considered ourselves a global chicken enterprise that happened, temporarily, not to own a football club. That problem has now been corrected. Leicester City gives us 32,000 supporters, international broadcasting rights and elite sporting infrastructure. We give Leicester City chicken. This is vertical integration. Deloitte would charge you £4 million to reach the same conclusion.”

 

The five-year strategy targets promotion, Premier League consolidation, European football and establishing Leicester as the global capital of chicken-backed professional sport. The ownership has dismissed concerns about its lack of football experience, noting that Maryland has operated successfully in Leicester city centre for decades without once receiving a points deduction.

 

ONE CITY. ONE CLUB. ONE BUCKET.

FOXES NEVER QUIT. CHICKEN NEVER DIES.

[urban.spaceman]

@moore_94 is this true? Has this happened in the future?

[davieG]

24 minutes ago, dillonpanthers87 said:

CLUB STATEMENT: MARYLAND GLOBAL CHICKEN ENTERPRISE ACQUIRES LEICESTER CITY

 

Maryland Global Chicken Enterprise has completed the acquisition of Leicester City FC for £1, two battered wings and the remaining balance on Jannik Vestergaard. The takeover returns the club to its Leicester heritage: football, questionable financial decisions and fried chicken after midnight.

 

Effective immediately, the King Power becomes THE FRYER and Seagrave becomes THE HATCHERY. Free Rubicon at every home game. Substantial transfer funds will be released from Maryland’s previously undisclosed Strategic Chicken Reserve, while the club has confirmed that Profit and Sustainability Rules have been reviewed and “appear broadly compatible with the sale of chicken.”

 

Maryland Chairman: “For 30 years people have looked at Maryland and seen a chicken shop. That was their mistake. We have always considered ourselves a global chicken enterprise that happened, temporarily, not to own a football club. That problem has now been corrected. Leicester City gives us 32,000 supporters, international broadcasting rights and elite sporting infrastructure. We give Leicester City chicken. This is vertical integration. Deloitte would charge you £4 million to reach the same conclusion.”

 

The five-year strategy targets promotion, Premier League consolidation, European football and establishing Leicester as the global capital of chicken-backed professional sport. The ownership has dismissed concerns about its lack of football experience, noting that Maryland has operated successfully in Leicester city centre for decades without once receiving a points deduction.

 

ONE CITY. ONE CLUB. ONE BUCKET.

FOXES NEVER QUIT. CHICKEN NEVER DIES.

I can't see this ending well

 

[moore_94]

3 hours ago, urban.spaceman said:

@moore_94 is this true? Has this happened in the future?

Maryland Chicken jumped the gun on the announcement

 

Rudkin was unfortunately given spicy wings by accident for his severance and hasn’t been able to get off the toilet to sign the paperwork which is holding it all up

Edited Wednesday at 21:40 by moore_94