Vital Football

Latest Leicester City News

Thai consortium deal edging closer

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.

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

Date:Friday August 6 2010
Time: 1:11AM

Login to post a comment

Recent Leicester City Articles

Should've Gone To Specsavers - Leicester v Chelsea

The Football Association have now announced the Match Day officials that will take charge of the game between Leicester City and Chelsea this Sunday.

Who Makes Southgate's Squad For March

England manager Gareth Southgate has now confirmed his squad for the upcoming games in the month of March.

Leicester Midfielder's Marbella Delight

Leicester City midfielder Matty James has spoken of the benefits the side can take as we go into the final matches of the campaign with a warm weather training camp...

Leicester Star Believes It's All To Play For

Leicester City winger Riyad Mahrez has said he believes there's still plenty to play for in the current campaign as we close in on May.

Leicester City Archived Articles

Vital Leicester articles from

Site Journalists

Editor email

Current Poll (see more polls)

West Brom MotM
Suggested By: Site Staff
Sub - Iheanacho7%
Sub - Albrighton0%
Sub - Diabate0%
ScoopDragon Premier League Network Sites
Vital Football Comment
Latest F1 News
Latest Vital Boxing News
Write for Vital Football

Recent Leicester City Results (view all)

Leicester City Fixtures

The Vital Football Members League