UK time is: 16:28:19
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

Leicester Returning To Hong Kong (Monday March 30 2015)

Blyth's Season Over At Burton (Monday March 30 2015)

Leicester Ticket Prices Too High? (Friday March 27 2015)

Hopper Returns From Scunthorpe (Thursday March 26 2015)

Pearson Heads To Peterborough On Loan (Thursday March 26 2015)

Nugent - We Believe In Our Attack (Thursday March 26 2015)

Knockaert Set For Summer Move? (Wednesday March 25 2015)

Pearson On Break & Schmeichel Return (Tuesday March 24 2015)

Nugent - It's Not Dropping For Us (Tuesday March 24 2015)

Archived Leicester City Articles

List All Vital Leicester  Articles
Have your say
Click here to suggest an article
Click here to suggest a poll
ScoopDragon Premier League Network Sites

Vital Members League (view all)

League Results (view all)

League Table (view table)

Team P W D L GD Pts
14. WBA 30 8 9 13 -12 33
15. Hull City 30 6 10 14 -12 28
16. Aston Villa 30 7 7 16 -20 28
17. Sunderland 30 4 14 12 -21 26
18. Burnley 30 5 10 15 -23 25
19. Q.P.R. 30 6 4 20 -23 22
20. Leicester City 29 4 7 18 -21 19

Breaking League News

Twist In McClaren NUFC Link
Newcastle : 31/03/2015 16:26:00
Naismith Bigs Up Fletcher After Hat-Trick.
Sunderland : 31/03/2015 16:06:01
Can We Get Our Consortiums Right?
Aston Villa : 31/03/2015 13:11:01
Villa Fan Looking Ahead To Summer Transfers!
Aston Villa : 31/03/2015 13:05:01
Vlaar & Cole Set For Return, Okore Out?
Aston Villa : 31/03/2015 12:34:00

Current Site Poll (view all polls)

Spurs MotM
Suggested By:  Site Staff
Schmeichel 18%
Upson 0%
Morgan 0%
Schlupp 0%
De Laet 0%
Huth 0%
Cambiasso 16%
James 0%
Vardy 66%
Nugent 0%
Ulloa 0%
Sub - Wasilewski 0%
Sub - Mahrez 0%
Sub - King 0%