They say a week is a long time in football. Six months can rewrite an entire story.
Back in January, Leicester City chairman Aiyawatt "Top" Srivaddhanaprabha insisted he had no intention of selling the club. He spoke of rebuilding Leicester, comparing his relationship with the Foxes to that of a father and son, and even joked he would only consider stepping aside if "some prince" arrived who could take the club to Manchester City's level.
Fast forward six months, and Leicester's owners are actively exploring a sale.
According to the Financial Times, King Power have appointed investment bankers Citigroup to identify potential buyers, signalling that one of English football's most successful ownership eras could soon be coming to an end.
What Aiyawatt Srivaddhanaprabha Said About Selling Leicester City
In January, amid Leicester's struggles on the pitch, Srivaddhanaprabha publicly dismissed suggestions that he could walk away from the club.
"Now I need to make sure the club is in a good place. If some prince comes in, maybe yes, and the club can be like Man City for example! But I am sure that is a long, long way to go. I still love it here, I want to make sure the club is successful again."
At the time, the comments reassured many supporters who still viewed King Power as the family that transformed Leicester from a Championship club into Premier League champions.
Today, however, those remarks carry a very different weight.
Why Leicester City's Situation Changed So Quickly
The months that followed proved disastrous for Leicester.
After suffering relegation from the Premier League, the Foxes were hit with a six-point deduction for breaching financial regulations, a punishment that contributed to a second successive relegation.
Instead of rebuilding in the Championship, the Foxes now face League One football for the first time since 2008-09.
Off the pitch, financial pressures have continued to mount. The club reported a £71 million pre-tax loss for the financial year ending June 2025, taking combined losses over the previous three seasons beyond £180 million despite continued financial backing from King Power.
Those sporting and financial setbacks appear to have accelerated discussions over a potential change of ownership.
Could This Be The End Of King Power's Leicester City Era?
Whatever happens next, King Power's legacy at Leicester City is already secure.
The Thai ownership group purchased the club in 2010 before overseeing the most remarkable period in Leicester's history: promotion to the Premier League, the unforgettable 2015-16 title triumph, a Champions League quarter-final, consecutive fifth-place finishes and the club's first-ever FA Cup in 2021.
Yet football rarely stands still.
The same ownership that delivered Leicester's greatest achievements now finds itself overseeing one of the club's lowest points.
A sale would not erase everything King Power achieved.
But it would officially close one of the most extraordinary ownership chapters English football has seen - one that took Leicester City from Championship hopefuls to Premier League champions before ending with the club preparing for life in League One.
