Now Reading: Leicester City put up for sale by Thai owners King Power
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Leicester City put up for sale by Thai owners King Power
Leicester City have been put up for sale by their Thai owners, King Power, the BBC reported on Thursday. The 2016 Premier League champions have suffered successive relegations to League One, the…
The Story in Brief
Leicester City have been put up for sale by their Thai owners, King Power, the BBC reported on Thursday. The 2016 Premier League champions have suffered successive relegations to League One, the third tier, and were docked six points last season for breaching profit and sustainability rules.
King Power, run by the Srivaddhanaprabha family, bought the club for £35 million in 2010. Chairman Aiyawatt Srivaddhanaprabha took over after his father Vichai died in a 2019 helicopter crash. The owners have hired a US investment bank to find a buyer, with assets reportedly listed at more than £200 million.
The Indian Opinion
The fairytale is over, but the credit for writing it belongs to the Srivaddhanaprabha family, not to those now gleefully declaring it a cautionary tale of foreign ownership. Two relegations and a points deduction show mismanagement, not malice. The test now is whether the next buyer is a responsible steward or just another asset stripper. Watch the price: if it goes for much less than a reported £200 million, the game has changed.
Source: hindustantimes.com
This story was synthesised by AI from the source linked above.
