A brochure detailing the sale of Leicester City and all its assets has been sent to potential investors.

Global investment bank Citigroup has drafted the brochure, seen by The Athletic, titled Project Lineup, which details Leicester’s assets, including its women’s team, academy, King Power Stadium and the £100million Seagrave training base they moved to six years ago.

Belgian sister club OH Leuven is also featured in the list of assets available.

A source close to the process, speaking anonymously to protect relationships, has told The Athletic that the Srivaddhanaprabha family, Leicester’s owners, are looking for $300m (£222m) for the entire portfolio, but a deal is more likely to be done at closer to $200m (£148m) due to the club’s recent drop into League One — English football’s third tier — and heavy recent losses.

Over the last four accounting reports since 2021, Leicester have recorded losses of £92.5m, £89.7m, £19.4m and most recently £71.1m as the club has slipped from the top eight of the Premier League to suffer three relegations in the last four years.

Despite the club’s recent troubles, it is expected to attract interested parties because of extensive assets, which also include the Belvoir Drive training ground now used by the women’s team and the land the club acquired for £11.6m outside the King Power Stadium that was earmarked for development as part of a stadium expansion plan.

The plans were shelved after Leicester’s relegation from the Premier League at the end of the 2022-23 season.

The property portfolio is valued at £204m, as of 2025, broken down into the stadium’s £74m valuation, Seagrave at £121m and Belvoir Drive at £9m.

To attract potential investors, Project Lineup details Leicester’s successes throughout its history but more importantly since the Srivaddhanaprabha family and parent company King Power International bought the club for around £35m from Milan Mandaric in 2010. This includes the 2016 Premier League title and the club’s first FA Cup triumph in 2021.

Leicester offered no comment on the distribution and contents of the brochure when approached by The Athletic.

Happier times in Leicester as they celebrate winning the Premier League in 2016 (Adrian Dennis/AFP via Getty Images)

‘Most successful club in EFL history’

The brochure emphasises that Leicester is one of only five clubs to have won all three major domestic trophies since 2000.

It adds that Leicester are “the most successful club in EFL history” and “the third largest English city with only one club … deeply embedded in Leicester’s fabric with a dynamic, broad-based and highly loyal fanbase.”

Leicester are said to be “well-positioned for promotion” and represent “a rare opportunity to acquire a club with an excellent track record of winning promotions to higher divisions.”

In the brochure, OH Leuven are described as “an established and synergistic collaboration with Leicester City. Multi-club ownership structure offers distinct advantages across talent development, recruitment and analytics.”

Leicester’s category one academy with a proven record for developing talent, and the graduates that have been sold for more than £250m over the last five years, is also detailed to entice interest.

Fan unrest has grown

Despite the decade-long success under the current owners, the last four seasons have seen a stark decline on and off the pitch and fan unrest has grown. Initially it was mainly directed at director of football Jon Rudkin but over the last two seasons the ire of the fans has been directed at the ownership, with some calls for them to sell the club.

There have been repeated fan protests for King Power to sell the club (Michael Regan/Getty Images)

Only in January this year, chairman Aiyawatt Srivaddhanaprabha, known as Khun Top, reaffirmed his commitment to the club and pledged to carry on the vision of his late father, Khun Vichai, who died alongside four other people in a helicopter crash outside King Power Stadium in 2018.

A memorial garden now stands on the crash site and a statue of Khun Vichai has been erected outside the stadium on Filbert Way.

“The first day I came in (August 12, 2010) with my father, we made plans. We loved football and we loved the club. I still feel every bit the same,” he said.

“I’m very passionate about football and I said in my first interview, when I was 25, that I wanted to be in this for the long term.

“Selling the club is not the way to exit anyway. I have to make sure that I complete everything that I did here before I want to leave. Now I need to make sure the club is in a good place.

“Then, if some prince comes in and the club can be like Manchester City, for example, maybe yes, but I am sure that is a long, long way away. I still love it here. I want to make sure the club is successful again.”

It was thought the emotional connection to Khun Vichai would make the family determined to restore Leicester back to the Premier League before they decided to end their relationship but now, they have decided it is time to sell the club and its assets.

FLORHAM PARK, N.J. — The first brawl came when David Bailey barked at Buccaneers offensive lineman Luke Goedeke and patted him on the helmet. There was some shoving — and some punches. A crowd followed them before it was broken up.

The second brawl came just as Geno Smith finally overcame some accuracy issues to complete an impressive touchdown pass — on the other side of the field, Armand Membou got into it with Buccaneers defensive tackle A’Shawn Robinson, diverting attention from the play. A crowd followed them before it was broken up.

The third brawl came at the end of a rep during red-zone drills and it ended with Jets rookie defensive tackle Darrell Jackson throwing hands, taking on multiple Buccaneers offensive players in the process.

That’s Bailey, a rookie edge rusher; that’s Membou, a second-year offensive tackle; and that’s Jackson, a rookie defensive tackle. Call it youthful exuberance.

“I think that has a lot to do with it,” Jets coach Aaron Glenn said after practice. “The vets are not going to do that. It’s a lot of energy wasted doing that. Those guys have to learn.”

Maybe it’s not a bad thing that the Jets have infused their roster with some hard-nosed players in the trenches; it only becomes a problem if that exuberance turns into 15-yard penalties when the real games start. That’s why Membou, after his fight with Robinson, was taken out of Tuesday’s joint practice with the Buccaneers — the first of two, with the second coming on Wednesday.

“He’s definitely a guy that doesn’t go for any BS,” said Jets running back Breece Hall said of Membou. “After the play, if he feels like you’re doing too much he’s going to let you know about it. He’s a guy, he ain’t ever gonna start it but he’ll finish it. That’s the type of guy you want to run behind.”

More often, fights tend to happen on the second day of joint practices. It’s a reason why former Jets coach Robert Saleh often canceled the second day with another team, or didn’t schedule it at all. The Jets could have called Tuesday’s practice early but Glenn and Buccaneers coach Todd Bowles — another former Jets coach — didn’t feel like the fracases reached the level that would require an early ending.

“There’s going to be some dustups, that happens in every joint practice,” Glenn said.

Said linebacker Demario Davis: “Any time you have intense practices, guys are going to the ground, trying to stay up, it’s just playing a physical brand of football. There were some explosive moments but nothing that ran over. We were able to get it under control.”

And defensive tackle Harrison Phillips: “It’s tough, I don’t like seeing fighting. I think that if you do that in a football game you get kicked out. It hurts us tremendously if you do that in a football game. But I’m happy we’re having to pull guys back rather than get guys to go, so I think there’s some positive in the idea that ‘I don’t want to be punked out there.’ … it does kind of get your adrenaline going a little bit.”

Hall, for his part, had no interest in getting involved, saying that: “I got a rule, if you’re over 240 (pounds) I ain’t messing with you”, and “whenever I see a fight happen, that’s my water break. So I’m like y’all can have it at it for however long you want. I’m tired. It’s too hot for me to be fighting outside.”

Overall, it was an intense practice between one rebuilding team (Jets) and one team that looks a bit closer to the postseason. The Jets defense appeared to get the better of the Buccaneers offense. The Buccaneers defense certainly bested the Jets offense.

“Practice had a lot of eventful moments,” Davis said.

Let’s get into them:

Dominant David Bailey

Bailey gets first billing before we get into quarterback performance. The rookie has been one of the best players on the field throughout Jets training camp. There’s an argument to be made that he looked like the best player on the field on Tuesday too.

The dust-up with Goedeke started, it appeared, largely out of frustration because of how decisively Bailey was winning his one-on-one reps. On his first rep against Goedeke, he got around him quickly for an easy win. On the next one, Goedeke jumped early both times before the fight broke out.

Bailey carried that over into team drills too. The draft’s No. 2 pick was winning just about every rep against Goedeke, and also switched to the other side and used his get-off to quickly get around left tackle Ben Chukwuma for an easy sack of Baker Mayfield.

I’ve been covering the Jets for five seasons, and the NFL for nine. In that time I’m not sure I’ve seen a rookie that was appointment viewing quite like Bailey.

“I’ve been around a ton of rookies,” Davis said. “I’ve seen some who were projected high not play up to that level. I’ve seen some projected low who played above that level. He looks like a No. 2 pick. He looks like everything that’s been advertised about him and more.”

Geno’s struggles

Smith had a down day in Saturday’s intrasquad scrimmage — and he was even worse going against Bowles’ blitz-happy defense. He completed four straight short passes in seven-on-seven drills to Garrett Wilson, Braelon Allen, Mason Taylor and Jelani Woods. On his next run he threw a bad pass that was easily picked off by a Bucs defender — the pick was called back due defensive holding away from the play. He followed that up by throwing it behind Adonai Mitchell on a deep ball.

Even worse: Wilson fell on Smith’s first pass of 11-on-11 drills, only Smith didn’t see him fall in time to adjust and threw it anyway, easily picked off by Buccaneers cornerback Damarion Williams and returned for a touchdown. He completed a short pass to Isaiah Williams, and then threw it behind Mitchell again, who was getting open all afternoon.

Smith was sacked on the first play of his next run of team drills, completed a short pass to Williams again, and then threw it right into the arms of linebacker Josiah Trotter for another pick.

Smith finally found a groove on the next run, completing short passes to Woods, Wilson and Taylor. Williams dropped a catchable ball, and Smith connected two more times with Wilson too — though one of them that might have put Wilson in harm’s way in a live game.

On Smith’s last drive starting in the red zone, he threw an impressive touchdown pass to Taylor and hit Wilson, who juked a few defenders to get into the end zone.

On Wilson’s play, Glenn’s reaction: “Smile, that’s what you do. You smile.” And Hall: “I just laugh because he’s so good.”

All told, Smith completed 6 of 7 passes in seven-on-seven and 10 of 15 in 11-on-11 with two touchdowns and two interceptions.

Hall admitted that the offense came out flat. “We definitely could’ve been a little bit better,” he said.

Miscellaneous notes and standouts

• Cornerback Qwan’Tez Stiggers left practice in an ambulance after passing out on the sideline, though Glenn sounded confident that he’s going to be OK.
• Glenn said all the starters are going to play in Friday night’s preseason game.
• Rookie quarterback Cade Klubnik had some moments and made some plays with his feet on scrambles, though most of his efficiency came in the shorter areas of the field. He completed 5 of 5 passes during seven-on-seven and 7 of 12 in 11-on-11 drills.
• Jackson had another standout day outside of the fracas, getting at least one sack of Mayfield in team drills and making his presence felt otherwise. Defensive line coach Karl Dunbar called him a “big, strong human being” before practice and said “he’s adapted to what we’re doing and I think that bodes well for us because we got an extra piece in the puzzle.” Jackson has gotten plenty of valuable reps with T’Vondre Sweat (hamstring) still out.

• Safety Dane Belton continues to stand out and looks like the clear best choice to start next to Minkah Fitzpatrick. He had a tackle for loss and a pass deflection, and always seems to find himself around the ball. Andre Cisco, who opened the summer as the starter, allowed a touchdown in coverage. Of Belton, Glenn said: “He’s a ball magnet.”
• Nickel corner Jarvis Brownlee had a pass deflection against Bucs backup quarterback Jake Browning. Linebacker Jaden Keller had a tackle for loss on a running play.
• Safety Jarius Monroe picked off Mayfield during red-zone drills and returned it for a touchdown.
• Undrafted rookie receiver Malik McClain has had a nice camp and made some plays catching passes from Klubnik and Bailey Zappe.