Leicester owner confirms takeover stance amid growing crisis at Championship club

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Leicester owner Aiyawatt Srivaddhanaprabha has vowed not to sell the club until he has fixed the Foxes’ dismal downturn. The East Midlands club won the Premier League title against the odds a decade ago but they now find themselves 14th in the Championship following two relegations in three years.

That has seen fans turn on Leicester ’s King Power ownership, with many left disgruntled at a lack of communication from the boardroom. Attendances have also slipped this term, with fans choosing to protest during a win against West Bromwich Albion earlier this month.

But Srivaddhanaprabha - known as Top - has said he is not thinking of selling up. Speaking in an interview with Leicestershire Live , he said: “Selling the club is not the way to exit. I have to make sure that I complete everything that I did here before I want to leave. 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.

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“Leicester is like my son to look after. So I have to do it right. Of course, a son can be naughty, or a son can fail the exam, and be a pain in your head. The son can be top of the class and graduate. So I feel the same. The love is there. The responsibility is there.

“The first thing for me is to identify the problem and fix it. We should know already what the problem is and fix it, then we move forward.”

Another criticism that Leicester’s Thai ownership have faced over recent years is their failure to comply with profit and sustainability rules. They successfully appealed against an alleged breach in 2024 but were charged again for further breaches of the EFL's financial rules for the 2023/24 season.

The outcome of a hearing into those charges is expected soon, with a significant points deduction a possibility. And Top has suggested that the spending rules have hamstrung his side.

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He added: “We are really focused on how to improve for the club. But with the limitations, because of PSR and because the markets are not the same.

“We are trying to create the club to make sure we are stable in the Premier League. When we were in Europe, at that time, the pressure about the fans and the ambition of the club was there. If we didn’t do anything at that time, I would have had pressure from another side.

“It’s not blaming anything. We live in the rules, so we have to comply. When we try hard to comply, but nobody understands outside what we’re trying, it’s not easy. The complaints, the comments, the negativity started from that, I think.”

Leicester, who are managerless following the sacking of Marti Cifuentes , take on struggling Charlton Athletic this weekend. The Spaniard was the eighth permanent head coach to have been in charge since the club's miraculous title win.

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