Football Finance Expert Expresses Concern Over Leicester City Amid Ownership Uncertainty

Football finance expert Kieran Maguire has voiced serious concerns about Leicester City’s financial position, describing the club as “a mess at present” while uncertainty continues over ts ownership.

The Srivaddhanaprabha family and King Power have been exploring a potential sale of the club since the summer, when it emerged they were working with Citigroup to attract prospective buyers. The club’s property portfolio reportedly valued at £204 million as of 2025. The valuation includes the King Power Stadium (£74 million), the Seagrave training ground (£121 million) and Belvoir Drive (£9 million).

Last month a deadline was reportedly set for interested parties to submit offers, with Khun Top understood to be keen to sell following the club’s decline from the Premier League to League One. No concrete interest has yet materialised. Club representatives stressed in October that King Power would continue to provide “ongoing support” to ensure financial obligations are met.

Speaking on the Overlap Fan Debate with Sky Bet, Maguire discussed clubs facing financial pressure after reports that some Premier League sides had come within three hours of being unable to pay wages.

“Yes, there are [clubs facing issues financially],” he said. “Leicester is a mess at present, and I think we hinted at Leicester the last time we were on the show together. So, I’m worried about them. I was worried about Wolves [Wolverhampton Wanderers], but I think they’re coming out of it now.

“There’s always a danger when a club is losing money. What we’ve had in football for the last five to 10 years is what we’ve referred to as the ‘find a bigger fool’ theory, in the sense that if a club’s losing money, there’s somebody that’s good at selling phones, there’s somebody good at selling electrical devices who thinks that they can turn that football club around.

“And that’s why we’ve still got the 92, whereas we’ve lost clubs in rugby, we’ve lost clubs in rugby league as well, we’ve lost clubs in basketball, because there’s not that interest. Whilst the level of interest in football is maintained, I think the game will survive, because it is too much part of the social fabric of this country for it to fail.

“But yeah, there’s some clubs – and I don’t want to name them – where wages haven’t been paid, and this includes some clubs which are now in the Premier League, where the payroll was within three hours of failing, and then the owner reluctantly decided to put the money in.

“But that report – 17 clubs, I think it was, don’t have enough money to survive 30 days – is a sign that the dependency upon owner goodwill is perhaps very, very concerning.”

Leicester have faced financial challenges in recent years and were deducted points during their most recent Premier League campaign.

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