In a seismic development that has sent shockwaves through English football, Leicester City Football Club has officially confirmed its acquisition by a Saudi Arabian investment consortium in a landmark $950 million takeover deal. The announcement marks the end of a historic 15-year ownership era under the Srivaddhanaprabha family and ushers in a new chapter for the Foxes — one that promises significant financial power, global expansion, and renewed ambition on and off the field.
The news was confirmed through an official club statement released by Chairman Aiyawatt Srivaddhanaprabha and the King Power International Group, Leicester’s long-standing owners. In the statement, Srivaddhanaprabha expressed both pride and emotion as he bid farewell to a club that has become one of England’s most inspiring football success stories.
> “After 15 unforgettable years, the time has come for Leicester City to begin a new chapter,” Srivaddhanaprabha wrote. “Our family’s journey with this incredible club has been filled with triumphs, challenges, and memories that will last forever. The decision to pass stewardship to new investors from Saudi Arabia was made in the best interests of the club’s future. Leicester City will always remain close to my heart.”
A New Era Begins
The incoming owners — a Saudi-led investment group whose identity will be officially disclosed in the coming days — have pledged to inject massive financial resources into Leicester City’s infrastructure, transfer operations, and global marketing. Early reports suggest that the group plans to invest over $300 million in squad development and stadium expansion within the next three years.
Sources close to the deal indicate that the new ownership consortium includes prominent Saudi business figures with strong ties to sports and entertainment ventures, aiming to elevate Leicester City into a consistent Premier League and European powerhouse.
The statement emphasized the new owners’ commitment to maintaining Leicester’s strong community ties while modernizing the club’s facilities and strengthening its global footprint.
> “We are not here to change Leicester City’s identity — we are here to help it grow,” the new investors declared. “Our vision is to build on the incredible foundation laid by the Srivaddhanaprabha family and to restore the Foxes among the top contenders in English and European football.”
The End of a Golden Era
Under the Srivaddhanaprabha family’s ownership, Leicester City experienced a fairy-tale rise from the Championship to the Premier League summit, famously winning the 2015–2016 Premier League title — one of the greatest underdog triumphs in sports history. The club also lifted the FA Cup in 2021 and qualified for multiple European campaigns, earning global admiration for its spirit, unity, and smart management.
Aiyawatt Srivaddhanaprabha, who succeeded his late father Vichai Srivaddhanaprabha after his tragic passing in 2018, said he departs with “immense pride” in the club’s legacy and its role in the Leicester community.
