Unnamed Middle Eastern firm hold interest in buying Leicester City

[Pita]

1 hour ago, volpeazzurro said:

Easy to get excited. This could blow up in our faces when Ahmed’s Cairo Kebab Shop is announced!

With Top and Rudkin doing the deal most probably 

[AyewJoking]

2 hours ago, coolhandfox said:

Seems to be gathering pace.

 

 

Mods, put this in the daka thread

[iancognito]

1 hour ago, sylofox said:

Although this news could be great is anyone else thinking frying pan and fire?

I thought that when Mandaric came in and also when he sold us to a Thai bloke who flogged duty free. 

 

There are zero businessmen with the pockets of Elon Musk, the values of David Attenborough and football strategy of David Dein. There will be downsides to ANY owner.

[Trav Le Bleu]

2 hours ago, StanSP said:

As long as its not from a specific area of the Middle East I'm fine with it. Anyone but them... 

It's Iran and Trump will nuke the stadium (whatever it will be called).

[RumbleFox]

We need to be better than this. Tell them to **** if if they are morally dubious in any way. 

[jammie82uk]

14 minutes ago, Nolucklcfc said:

We know King Power take an age to do anything so I imagine if they do decide to sell, it won’t be overnight nags for sure. 

I think people might be misunderstanding what’s happening, the various reports suggests Citibank are actively looking for new owners so King power have already decided to sell the club

[Tommy G]

14 minutes ago, Pita said:

With Top and Rudkin doing the deal most probably 

They won’t be 

[Clever Fox]

Anyone know what Valuation is placed  on the Club presently.  ?

[SemperEadem]

4 minutes ago, RumbleFox said:

We need to be better than this. Tell them to **** if if they are morally dubious in any way. 

Won’t happen at Leicester.

[Nolucklcfc]

4 minutes ago, jammie82uk said:

I think people might be misunderstanding what’s happening, the various reports suggests Citibank are actively looking for new owners so King power have already decided to sell the club

Yeah but I can just see a situation where he changes his mind if we look like going up this season. 

[sylofox]

4 minutes ago, RumbleFox said:

We need to be better than this. Tell them to **** if if they are morally dubious in any way. 

So you don't want new owners at all then?

[Clever Fox]

I wouldn't rule out Susan coming back to run the show if it happens.  She has a lot of friends and contacts out there from her Duty Free Days.

[RumbleFox]

8 minutes ago, sylofox said:

So you don't want new owners at all then?

I get your point, but there should be red lines. 

[sylofox]

1 minute ago, RumbleFox said:

I get your point, but there should be red lines. 

The people with the money to buy us and sort us out and expand the stadium so we can compete don't have morals.

 

They've all trodden on lot's of people or broken many laws/rules.

[Chelmofox]

5 minutes ago, RumbleFox said:

I get your point, but there should be red lines. 

Current owners aren’t saints. 

[suffolk fox]

3 hours ago, kingfox said:

Live scenes of Jon Rudkin trying to save his job

This is absolutely brilliant well done 

[21st Century Fox]

3 minutes ago, Chelmofox said:

Current owners aren’t saints. 

****ing trying to be with the amount of their players they keep signing!

[lcfcbluearmy]

24 minutes ago, RumbleFox said:

We need to be better than this. Tell them to **** if if they are morally dubious in any way. 

There are levels of dubious and ones that we can definitely make destinctions between but good luck finding a single billionaire that isn't morally dubious in any way

[fox_up_north]

Can't Marks Electricals just put in a joint bid with Fame Fashions?

[NextPlease]

1 hour ago, StanSP said:

Although I don't think we'll be looking at a quick process...

 

 

 

Timelines vary a lot depending on the club and buyer, but here's a rough guide:

Typical stages

Initial talks to signed agreement: weeks to several months — depends on due diligence (finances, legal structure, player contracts, stadium/land ownership), and how many bidders are competing.

Owners' and Directors' Test (fit-and-proper-person check): officially can take as little as 2–4 weeks, but in practice often drags out much longer if the buyer's identity, funding source, or ownership structure is complicated (offshore entities, sovereign wealth funds, etc.).

Full deal from first approach to completion: a clean, straightforward takeover is often around 3 months once a preferred bidder is locked in. But a "standard" full takeover process — from early talks to actually completing — is more commonly cited as taking around 9 months.

Why it drags on

Complex ownership structures or non-UK buyers slow the regulatory test down significantly (Newcastle's 2020 Saudi-backed takeover took years on and off before finally completing in 2021).

Disputes over price, debt treatment, or stadium/land ownership can stall things for months.

Lower-league deals (Championship/League One) tend to move faster than Premier League ones — some have completed in as little as 2 months once terms are agreed, since there's less money and regulatory scrutiny involved.

Extremes

Fastest: a few months for a straightforward, single-bidder lower-league deal.

Slowest: well over a year for high-profile, contested, or geopolitically sensitive takeovers (Chelsea's forced 2022 sale under sanctions pressure was unusually fast — about 2 months — precisely because of the forced-sale deadline; most aren't like that).

For a club like Leicester, given the debt structure, external lenders (Macquarie), and the stadium/training ground potentially being carved out separately, I'd expect something on the longer end — likely 6–12 months from a firm offer to completion, if a serious b uyer emerged

It would need to pass the scrutiny of the Independent Football Regulator too

[Pliskin]

Doing some very, very basic research (sitting in my pants searching for Middle Eastern firms)…… 

 

The firm that stands out to me are 
International holding company 

https://www.ihcuae.com

 

Closely linked to them is the “royal group”

 

Who are chaired by https://en.wikipedia.org/wiki/Tahnoun_bin_Zayed_Al_Nahyan_(national_security_advisor)

 

 

Their principle ownership is the Abu Dhabi royal family, the only sticking point is they’re worth £300 billion….. which would make us the wealthiest club in the world….. which makes this highly unlikely and a pipe dream.

 

 

 

[The Doctor]

2 hours ago, Scotch said:

Possibly but the way I'm looking at it is yes, it COULD be worse than we have it now under KP but it could also be better. Sticking with what we have COULD also get worse but I don't see it ever getting better. Are they suddenly going to realise that the ability to run a football club was inside them all along like a Disney movie? 

at this point the team X-Bladez owner from Brink, with his business plan of give random teenagers $200 a week to skate down the park, is a better businessman than Aiyawatt 

[Andrew]

Could it be that these guys showed interest which has sparked Top to sell.

[Grebfromgrebland]

3 hours ago, Gravel said:

Get ready for the pitch to be turned into a poppy field.

Lest we forget 

[Gamble92]

54 minutes ago, iancognito said:

I thought that when Mandaric came in and also when he sold us to a Thai bloke who flogged duty free. 

 

There are zero businessmen with the pockets of Elon Musk, the values of David Attenborough and football strategy of David Dein. There will be downsides to ANY owner.

I feel like there's so many alternate timelines where King Power would have been hated much more than they are now.