Leicester owners King Power reportedly looking to sell club for more than £200 million

[p][a href="https://www.flashscore.ca/team/leicester/KrrdAMyI/"]Leicester[/a], 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.[/p][p][i][b]Reuters[/b][/i] ​has asked Leicester for comment.[/p][p]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.[/p][embed guid="825e3d48-b62d-417b-a12c-e8b09310f8fb" url="https://x.com/foxestrust/status/2087600596664594857" social-type="twitter" /][p]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.[/p][p]Srivaddhanaprabha died in 2018 when his helicopter crashed outside the club's stadium.[/p][p]Leicester ‌have struggled to manage ​their finances in recent years ‌and have been relegated in successive seasons. They were docked six points last term for breaching EFL spending rules.[/p]