UK time is: 14:51:25
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 Articles

We are Premier League (Wednesday April 23 2014)

Stats: Bolton v Leicester (Tuesday April 22 2014)

Hammond Out To Be A Title Winner (Tuesday April 22 2014)

Pearson - Hails Discipline (Saturday April 19 2014)

Stats: Leicester v QPR (Saturday April 19 2014)

Leicester 1 QPR 0 - 19 April 2014 (Saturday April 19 2014)

Archived 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
1. Leicester City 44 29 9 6 +37 96
2. Burnley 44 25 14 5 +34 89
3. Derby County 44 24 9 11 +30 81
4. Q.P.R. 44 22 10 12 +15 76
5. Wigan 43 20 10 13 +15 70
6. Reading 44 18 13 13 +12 67
7. Brighton 44 17 15 12 +12 66

Breaking League News

Cherries host Forest
Bournemouth : 24/04/2014 14:49:00
Prutton weighing up playing options
Sheff Wed : 24/04/2014 13:39:00
Owls have competition for Hull striker
Sheff Wed : 24/04/2014 13:34:00
Owls suffer double injury blow
Sheff Wed : 24/04/2014 13:28:00
Scout Focus: Leeds United
Birmingham : 24/04/2014 13:00:00
Madejski reveals 'slow progress' in owner search
Reading : 24/04/2014 13:00:00
Freedman: I'm Building A Team
Bolton : 24/04/2014 11:46:00

Current Site Poll (view all polls)

Bolton MotM
Suggested By:  Svens
Schmeichel 0%
De Laet 0%
Konchesky 0%
James 0%
Wasilewski 0%
Morgan 0%
Mahrez 100%
Drinkwater 0%
Nugent 0%
King 0%
Knockaert 0%
Sub - Wood 0%
Sub - Dyer 0%
Sub - Hammond 0%