Leicester owners looking to sell club for more than £200 million, BBC reports

Aug 13 : Leicester City's owners King Power, who have been in charge of the Midlands club since 2010, are looking to sell the third-tier outfit for more than £200 million ($270 million), the BBC reported on Thursday.Leicester, whose Premier League triumph in 2016 was a major upset, have dropped to League One after finishing second-from-bottom in the Championship last season.Reuters has asked Leicester for comment.Thai travel retail group King Power founder Vichai Srivaddhanaprabha bought Leicester from Milan Mandaric after the company signed a shirt sponsorship deal with the club. Leicester, founded in 1884, were promoted to the Premier League in 2014 and secured their first top-flight title two years later. The club won their only FA Cup in 2021.Srivaddhanaprabha died in 2018 when his hel