UK time is: 22:11:54
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

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

Takeover deal complete

Leicester City fans can look forward to a new chapter in the club's history after a consortium led by Thai businessman Aiyawatt Raksriaksorn completed a deal to purchase the club.

Speculation has been rife over the past three months linking the club with new ownership, but a deal has finally been completed for a full-scale takeover of the club.

Chairman Milan Mandaric will remain in his current position as chairman of the club, whilst also holding a stake of his own in the new consoritum.

"We are celebrating today, as the deal represents three things," Mandaric said.

"First ambition: this will help us push forward to compete harder for a place at the top table of English Football.

"Second strength: it will strengthen the squad and Youth Academy by bringing additional financial support and introducing a new global network of contacts and access to player talent.

"It also represents a third key factor; partnership: I am delighted to remain as Chairman and a stakeholder in the new consortia and I am pleased Lee Hoos, the Chief Executive and his winning team remain focussed and in place to keep our plans and ethos alive."

Thai millionnaire Aiyawatt Raksriaksorn, owner of the duty free King Power Group, is heading the group, and has revealed his delight at the deal.

"We are delighted that Asia Football Investments has secured this exciting deal; I am passionate about football and I see in Leicester City a club with tremendous passion and potential.

"It has excellent management on and off the pitch and I am convinced that it has the right mix of ambition and realism to drive the team, and club, forward.

"I do look forward to getting behind the new manager and his team and to enjoying real progress, which I know the fans crave and deserve."

Initial talk linked the group with a partial takeover with a view to a full hold of the group later on, but it appears as though a complete deal has been secured.




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:Thursday August 12 2010

Time: 1:27PM

 

Have Your Say

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

Recent Leicester City Articles

Young Duo Leave On Loan (Monday October 20 2014)

Pearson - We Should've Taken A Point (Sunday October 19 2014)

Stats: Newcastle v Leicester (Saturday October 18 2014)

Pearson Fully Focused On Newcastle (Friday October 17 2014)

Shakey - The Break Will Be No Break (Wednesday October 8 2014)

Friendly - Aston Villa 2-3 Leicester (Wednesday October 8 2014)

Two More Leicester Picks For TV (Monday October 6 2014)

Schlupp - Too Many Missed Chances (Monday October 6 2014)

Pearson - We Dropped Two Points (Monday October 6 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. Aston Villa 8 3 1 4 -8 10
13. Everton 8 2 3 3 0 9
14. WBA 8 2 3 3 -1 9
15. Leicester City 8 2 3 3 -2 9
16. Crystal Palace 8 2 2 4 -3 8
17. Sunderland 8 1 5 2 -7 8
18. Newcastle 8 1 4 3 -6 7

Breaking League News

WBA : 20/10/2014 21:51:00
Rate The Players: Stoke City 2-1 Swansea City
Swansea : 20/10/2014 21:09:00
West Brom v United - Team Sheets
Man Utd : 20/10/2014 19:04:00
A Look Back to A Saintly Beginning
Southampton : 20/10/2014 18:37:00
Ref Watch: Moss to officiate Southampton v Stoke
Stoke : 20/10/2014 18:25:00

Current Site Poll (view all polls)

Newcastle MotM
Suggested By:  Svens
Schmeichel 0%
De Laet 0%
Morgan 0%
Moore 50%
Konchesky 0%
Cambiasso 50%
Albrighton 0%
James 0%
Drinkwater 0%
Schlupp 0%
Ulloa 0%
Sub - Vardy 0%
Sub - Nugent 0%
Sub - Knockaert 0%