What’s really going on inside Hamza’s Leicester City?

Leicester City’s fairytale is rapidly turning into a boardroom drama, with the former Premier League champions put up for sale after a spectacular collapse that has taken them down to League One.

Bangladesh midfielder Hamza Choudhury’s club have been placed on the market by Thai-based King Power after 16 years of ownership.

The asking price is around USD300m, although the final deal could be closer to USD200m, according to market estimates.

Behind the huge price tag lies a package combining football, property and considerable financial challenges.

Investment bank Citigroup has prepared an eight-page sales brochure, titled ‘Project Lineup’, for prospective buyers. The package includes the men’s and women’s teams, academy, 32,000-capacity King Power Stadium, Seagrave training centre, Belvoir Drive, land earmarked for stadium expansion and sister club OH Leuven, Leicester Mercury reported.

Leicester’s property portfolio was valued at around USD275.8m in 2025, with the King Power Stadium worth about USD100.1m and the Seagrave training centre around USD163.6m.

But the club’s biggest selling point is undoubtedly their remarkable football history.

King Power bought Leicester for around USD47.3m in 2010. Six years later, Leicester stunned English football by winning the 2015-16 Premier League title, completing one of sport’s greatest fairytales.

The club are also among only five English sides to have won the Premier League, FA Cup and League Cup since 2000.

However, the financial picture has become increasingly difficult. Leicester recorded losses of USD125.1m, USD121.2m, USD26.2m and USD96.2m in their last four reported financial years.

On the pitch, the decline has been even more dramatic. After relegation from the Premier League, Leicester suffered another drop and now face life in League One.

For Hamza, who came through Leicester’s system, the developments mark a remarkable reversal for a club once home to stars such as Jamie Vardy, Kasper Schmeichel, Riyad Mahrez and N’Golo Kanté.

King Power chairman Aiyawatt ‘Top’ Srivaddhanaprabha has instructed Citigroup to oversee the sale, according to BBC Sport.

The fairytale has not simply faded. Leicester are now up for sale, with their next chapter being written behind closed doors.