Turki Al-Sheikh linked with potential Leicester City takeover

Turki Al-Sheikh, the president of Saudi Arabia’s General Entertainment Authority, has been linked with a possible takeover of Leicester City after the club reportedly explored his interest in buying the former Premier League champions.

Leicester, who won the Premier League in 2015-16, are seeking new owners and have emerged as a possible destination for Al-Sheikh, according to British outlet SportBible.

The report comes after Al-Sheikh pursued a deal during the summer to buy a stake in the ownership group of Derby County, who compete in the EFL Championship.

That proposed takeover did not go ahead. Al-Sheikh withdrew from the negotiations in August, saying his consortium would not be able to strengthen John Eustace’s squad once the season had already begun.

His name has now been connected with Leicester, Derby County’s struggling rivals, as the club looks for potential successors to its current owners, King Power.

According to Ben Jacobs of talkSPORT, it was Leicester officials who “sounded out” Al-Sheikh after the club was put up for sale.

It remains unclear whether Al-Sheikh is personally involved in the discussions or whether he has a confirmed interest in acquiring Leicester City.

The club are currently playing in the third tier after suffering two successive relegations. Their difficult period has continued into the early part of the new season, with Leicester failing to produce notable results in the third tier.

Leicester’s possible change of ownership follows a sharp decline in their fortunes since the historic Premier League title success in 2015-16. The club are now searching for new investment while attempting to recover from consecutive relegations and a poor start to the current campaign.