UK time is: 22:17:13
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Thai consortium deal edging closer

A consortium fronted by Thai millionnaire Vichai Raksriaksorn is in talks to buy the club.

Reports suggest that the group are planning to purchase a 49% stake in the club with a view to completing a full takeover within the year.

Should that be the case current owner Milan Mandaric would continue his role as chairman until the consortium took full control of the club.

Along with the investment in the club sees the arrival of a new sponsor, Raksriaksorn's King Power company.

The Thai supremo made his fortune in duty free sales, and is rumoured to be personally worth somewhere in the region of $180 million.

Rakriaksorn's daughter Vormas told Bangkok Press that a deal to invest in the club would be concluded shortly.

'My father loves sport,' she said.

'All the rumours about the Leicester City Football Club will be cleared up very soon.'

Confirmation of the buyout of almost half the club is rumoured to be announced at Leicester's opening home match against Middlesbrough on August 14th.








Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!



Click here to join in the debate on the club forum.

The Journalist

Writer: JBFox Mail feedback, articles or suggestions

Date:Friday August 6 2010

Time: 1:11AM

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Leicester City Articles

Powell Also Completes Loan Move (Tuesday September 2 2014)

Lawrence Signs Four Year Deal (Tuesday September 2 2014)

Leicester Confirm Scott, No Defoe Move (Monday September 1 2014)

1 Out, 1 In, 1 New Link For Leicester (Monday September 1 2014)

Pearson Still Eyeing Deals? (Monday September 1 2014)

Ulloa Credits The Fans (Monday September 1 2014)

Great Point For Pearson (Monday September 1 2014)

Transfer Deadline Day Live Blog (Monday September 1 2014)

Leicester City 1 Arsenal 1 (Sunday August 31 2014)

Stats: Leicester v Arsenal (Sunday August 31 2014)

Archived Leicester City Articles

List All Vital Leicester  Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

League Results (view all)

League Table (view table)

Team P W D L GD Pts
12. Q.P.R. 3 1 0 2 -4 3
13. Sunderland 3 0 2 1 -1 2
14. Man Utd 3 0 2 1 -1 2
15. Leicester City 3 0 2 1 -2 2
16. Newcastle 3 0 2 1 -2 2
17. Everton 3 0 2 1 -3 2
18. WBA 3 0 2 1 -3 2

Breaking League News

Odemwingie requires surgery
Stoke : 02/09/2014 20:07:00
Liverpool: Reds Rejected Borini Offers
Liverpool : 02/09/2014 19:09:00
Cleverley - Villa Decision Was An Easy One
Aston Villa : 02/09/2014 18:18:00
Fitness Is The Key For Morrison amp; Davidson
WBA : 02/09/2014 17:58:00
New 5 Year Deal for Cesar
Chelsea : 02/09/2014 17:43:00

Current Site Poll (view all polls)

Arsenal MotM
Suggested By:  Site Staff
Schmeichel 3%
De Laet 0%
Konchesky 0%
Hammond 8%
Morgan 16%
Moore 8%
Mahrez 8%
King 8%
Nugent 0%
Ulloa 41%
Schlupp 8%
Sub - Albrighton 0%
Sub - Vardy 0%
Sub - Drinkwater 0%