The King Power Stadium

King Power Thailand-led consortium acquires Leicester City FC

UK. Leicester City Football Club (LCFC) has announced that an international consortium, Asia Football Investments, led by King Power International Group (Thailand), has acquired the Championship club.

The consortium is led by Aiyawatt Raksriaksorn of the Raksriaksorn family that owns King Power, the leading Thai duty free retailer. King Power last week struck a three-year shirt sponsorship deal with LCFC.

Club Chairman Milan Mandaric will remain in his post and is a stakeholder in the new consortium. CEO Lee Hoos and the management team will also remain in place.

“We are delighted that Asia Football Investments has secured this exciting deal,” Aiyawatt said. “I am passionate about football and I see in Leicester City a club with tremendous passion and potential; it has excellent management on and off the pitch and I am convinced that it has the right mix of ambition and realism to drive the team, and club, forward.”

Read more: The Moodie Report

By Matt Willey
The Moodie Report

TN

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