Tuesday, 18 September 2012

Leicester City become King Power FC

Leicester City have been taken under the direct umbrella of King Power International and are now wholly controlled by Vichai and Aiyawatt Raksriaksorn.

The club had been owned by Asia Football Investments, with the King Power group as a majority shareholder, but are now controlled directly by the Thai duty-free giants. The change is in name only - the management and board remain the same and the takeover has been fully ratified by the Football League.

Speaking of the change, City vice-chairman Aiyawatt Raksriaksorn said to the club's official website that he intends to lead the Foxes as a core part of the King Power brand.

"This is all part of our plan to fund and deliver a programme of long-term, sustainable success for the Football Club," said Top, "We are delighted to bring Leicester City directly under the ownership of King Power International, where it will be established as a core part of the group’s overall interests.

"The last two years have been an incredible experience and we firmly believe we have the key elements in place, both on and off the pitch, to take Leicester City back to the Premier League.

"I would like to personally thank the Leicester City fans and the people of Leicestershire for the amazing support they have already shown us in the early stages of our long-term vision for the Club, and look forward, together with the fans, to the season ahead and the long term success of the Club."

City face Burnley at the King Power Stadium, re-named last season after their owners' brand, tomorrow night (KO 19:45).
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