The unveiling of the plans, which are a key element of King Power International’s long-term commitment and vision for the Football Club, will be followed by a period of public consultation throughout the summer and early autumn.

The proposals would see King Power Stadium’s capacity increase to 40,000 and also include a 220-room hotel and a multi-purpose event and entertainment arena. There are also proposals for a new Leicester City retail space, residential and commercial space, and multi-storey car parking facilities – enhancements to the site that can further the evolution of both the Football Club and the city.

The developments will create a 365-day destination that will support the regeneration of an area that has been the home of the Football Club for 130 years.

“The plans to build on the Club’s recent growth – with a stadium expansion as part of an exciting wider site development – is a wonderful demonstration of the shared ambition of both the Football Club and the city of Leicester,” says Aiyawatt Srivaddhanaprabha, Leicester City chairman.