Leicester City's owners King Power, who have been in charge of the ​Midlands club since 2010, are looking ‌to sell the third-tier outfit for more than £200 million ($270 million), the BBC reported on ​Thursday.

Leicester, 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.