Vital Football

Latest Leicester City News

Takeover deal complete

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.



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

Writer:JBFox
Date:Thursday August 12 2010
Time: 1:27PM

Login to post a comment

Recent Leicester City Articles

Video - Millwall 1 Leicester 0

Millwall's push for promotion back to the Championship - a level Leicester are looking to avoid dropping too - will be offset with at least one more FA Cup tie.

Vital View - FA Cup, 18th-19th February 2017

A season of upsets continued with non-league Lincoln making it into the last eight along with Millwall - they saw off Burnley and Leicester respectively.

Stats: Millwall v Leicester

All the stats from Millwall (1) vs (0) Leicester, The Den, 18/2/17 Att: 18,012

Follow Live On Twitter - Millwall v Leicester

Leicester go to the Den as the visitors to Millwall today, this will be a 3pm kick-off.

Archived Vital Leicester Articles

Vital Leicester articles from

Site Journalists

SvensAmbition
Editor email
Profile

Current Poll (see more polls)

FAC - Millwall MotM
Suggested By: Site Staff
Zieler1%
Amartey0%
Wague0%
Benalouane33%
Chilwell0%
King0%
Mendy0%
Musa66%
Kapustka0%
Gray0%
Okazaki0%
Sub - Albrighton0%
Sub - Wasilewski0%
Sub - Vardy0%
ScoopDragon Premier League Network Sites

League Table

# Team P W D L Pts. GD
1 Chelsea 25 19 3 3 60 34
2 Man City 25 16 4 5 52 22
3 Spurs 25 14 8 3 50 28
4 Arsenal 25 15 5 5 50 26
5 Liverpool 25 14 7 4 49 24
6 Man Utd 25 13 9 3 48 17
7 Everton 25 11 8 6 41 13
8 WBA 25 10 7 8 37 3
9 Stoke 25 8 8 9 32 -6
10 West Ham 25 9 5 11 32 -9
11 Southampton 25 8 6 11 30 -3
12 Burnley 25 9 3 13 30 -9
13 Watford 25 8 6 11 30 -13
14 AFC Bournemouth 25 7 5 13 26 -14
15 Swansea 25 7 3 15 24 -23
16 Middlesbrough 25 4 10 11 22 -8
17 Leicester City 25 5 6 14 21 -19
18 Hull City 25 5 5 15 20 -27
19 Crystal Palace 25 5 4 16 19 -14
20 Sunderland 25 5 4 16 19 -22
Write for Vital Football
Latest F1 News
Latest Vital Boxing News
The Vital Football Members League

Recent Leicester City Results (view all)

Leicester City Fixtures (view all)

Feb 27 2017 8:00PM : Liverpool (H)
Barclays Premier League
Mar 4 2017 3:00PM : Hull City (H)
Barclays Premier League
Mar 11 2017 5:30PM : Arsenal (a)
Barclays Premier League
Mar 18 2017 3:00PM : West Ham United (a)
Barclays Premier League
Apr 1 2017 3:00PM : Stoke City (H)
Barclays Premier League
Apr 4 2017 7:45PM : Sunderland (H)
Barclays Premier League
Vital Football Comment