Leicester City’s ownership crossroads: fans eye £220m takeover

Leicester City’s Foxes are at a crossroads as reports of a £220 million sale to a consortium clash with hopes of a fresh start under new manager Russell Martin, while supporters reminisce about the club’s rise and recent decline.

Action Image By Alex Lawes AM GMT+1. A long‑suffering Bolton Wanderers supporter balances the heartache of the Whites with freelance sports writing. He contributes to Football League World and the site prompts readers to Add Us, Summary, Generate a summary. Readers can Like, Follow, Followed, Thread, Log in here. Here fans Try to Show, Explain, I’m ready to Give a Fan perspective, mentioning Wes.

From promotion hopes to Premier glory

King Power took charge of Leicester in August 2010, with the Foxes expected to chase Championship promotion. They reached a play‑off semi‑final in the 2012‑13 campaign after back‑to‑back top‑half finishes.

The following season Leicester won the Championship under Nigel Pearson, securing promotion. A few years later the club survived relegation before achieving one of the most remarkable title victories in English football history in the 2015‑16 season.

Sale talks and fan reaction

Criticism of the club’s running has intensified as Leicester now sits in League One, far below the level King Power began at. Reports suggest King Power may cash in for £220 million, and a consortium led by Neil Lal is said to be interested.

Leicester fan pundit Jamie Preston welcomed the idea, saying, “If the King Power are looking to sell and want to sell it for £220 million … a buyer that wants to buy us and is willing to buy us then the fans will like.” He added that Neil Lal’s consortium could be “pretty good for us.”

New manager and squad refresh

Russell Martin, former Rangers and Southampton boss, has been appointed to steer the club back toward the Championship. His first‑team overhaul includes goalkeepers Alex McCarthy and Franco Ravizolli, and attackers Conor Chaplin, Wes Burns, Liam Cullen and Admir Bristric.

The season opened with a 1‑1 draw against Notts County at Meadow Lane, where Conor Grant capitalised on a lapse from Australia international centre‑back Harry Souttar. Martin’s side may need time to gel, but they remain a major force in the third tier.

With new ownership potentially on the horizon, the relationship between the club and its supporters could improve, offering a chance to reset after a decade of mixed fortunes.