Leicester City shareholders each set for '£50m' blow as takeover deadline passes - Stefan Borson
Leicester City's shareholders could be forced to invest a further £50million a year to help keep the club afloat.
That is according to former Manchester City financial adviser Stefan Borson, who exclusively told Football Insider that the Foxes' infrastructure could become a huge issue moving forward.
The deadline of Friday, 16 October has now passed for potential bidders to submit offers to the Srivaddhanaprabha family, which bought the club in 2010.
Since winning the Premier League in 2016 and featuring in Europe, the Foxes have endured a monumental downfall, which has seen them land in League One this season.
Following back-to-back relegations, Russell Martin's side are now sitting just one point above the League One relegation zone after eight matches.
There does not appear to be an end in sight, and this could ultimately end up backfiring on Leicester's shareholders, as long as the owners fail to find a successor.
Leicester City shareholders to keep the club afloat
Speaking exclusively to Football Insider, Borson believes that Leicester's shareholders may need to invest a further £50m a year until a solution is found at the King Power Stadium.
"It needs either the owners or the new owners to come in and fund it. Now, that might be fine for a period, but they're talking serious money," he said.
"It's not clear what the burn rate might be there, but it could easily be £25m to £50-a-year of subsidy that's required from the shareholders whilst they get back on their feet.
"And as it happens, Leicester are an unusual one. It's not just about the player wages. It's going to be partly about the operating costs of that club.
"Because they're so big for where they are, in the league they're in, and for what they've built infrastructure-wise."
Is anyone interested in a Leicester City takeover?
Leicester have one of the best training facilities in the country, but given the current situation and the club's debt, finding a buyer is not simple.
The current owners have valued the Foxes at over £200m, but it is believed that one American group, its identity unknown, are interested in buying.
It is far too easy to say, but right now, supporters are very concerned about the risk of dropping down to League Two, which would have been unimaginable just three or four years ago.
Upcoming games against Doncaster Rovers and Bromley could be a huge turning point in the club's season, and any success on the pitch can only help the situation off it.