Net Worth & Wealth · Olivia Stratton · 22 August 2026

Leicester are seventh oldest in League One — who beats them?

Leicester are seventh oldest in League One — who beats them?

Leicester City are the seventh oldest professional club in League One, behind Notts County (1862), Sheffield Wednesday (1867), Reading (1871), Doncaster Rovers (1879), Leyton Orient (1881) and Stockport County (1883). Founded as Leicester Fosse in 1884, LCFC rank ahead of Luton Town (1885), Plymouth Argyle (1886) and Blackpool (1887) among the division's most historic sides.

League One is packed with famous names this season, from Barnsley and Huddersfield Town to newly promoted Bromley. Yet when it comes to heritage, the Foxes still hold a place among English football's elder statesmen — even after consecutive relegations dropped them from the Premier League to the third tier.

Key Takeaways

Which six League One clubs are older than Leicester City?

Notts County lead the heritage table, formed in 1862 and widely recognised as the oldest professional football club in the world. Sheffield Wednesday follow, with roots stretching to 1867 when a cricket club branched into football.

Reading, established in December 1871, sit third. Doncaster Rovers (1879) and Leyton Orient (1881) — London's second oldest club — complete the top five. Stockport County, founded in 1883 by Sunday School pupils, take sixth place.

Leicester Fosse arrived in 1884, edging Luton Town (1885), Plymouth Argyle (1886) and Blackpool (1887) in the top ten. The Foxes' 2015-16 Premier League title a decade ago brought global fame, but their founding date still anchors them firmly in League One's historical hierarchy.

Why does Leicester's place in League One matter now?

The division mixes clubs that played top-flight football as recently as 2024 and 2025 with sides only recently promoted from non-league. Leicester's fall followed a six-point deduction in February for breaching Premier League financial rules in 2023-24, plus a second-bottom Championship finish.

That context makes heritage a comfort rather than a trophy. Russell Martin's side began the season with a 1-1 draw at Notts County — a fixture that paired the world's oldest professional club against a seven-time FA Cup finalist now fighting in the same league.

Can Neil Lal afford Leicester's reported £200m asking price?

Scotland-based businessman Neil Lal has submitted a written enquiry about buying LCFC, as King Power prepare to exit after 16 years. talkSPORT reports owners expect more than £200 million from the sale, while Lal's personal net worth sits around £2 million.

Former Everton chief executive Keith Wyness told Yahoo Sports that Lal has "zero chance" unless his Indian consortium includes one of the country's wealthiest families. Wyness argued the valuation reflects property assets — the King Power Stadium and training ground — and called even £150 million high for a League One club.

Lal has outlined plans to tap India's 1.4 billion population through merchandising and streaming. For more on how club valuations shape modern football, see our Net Worth & Wealth coverage. Full heritage rankings are detailed by LiveScore.

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