Tuesday, May 3, 2016

Leicester's Thai owners have led the Foxes to the Premier League title in their own way

LEICESTER'S Thai owners are the powerbrokers behind this unprecedented surge to the Premier League title.

Leicester  Thai billionaire Vichai Srivaddhanaprabha (right) took over Leicester City in 2010


And they do it very much in their own way.
Owner and chairman Vichai Srivaddhanaprabha and his son Aiyawatt, the vice-chairman known as 'Top', have three times got the beers in for the fans at the King Power Stadium since taking over the club in 2010, and also once handed out doughnuts.

Vichai made his fortune in duty free shopping, and is now reputedly worth around £2billion. Khun Vichai, as he is known in Thailand, has only spent a relatively modest £77m on transfers, but he also converted some £103m of Leicester's debt into shares in 2013, wiping out the club's liabilities and effectively signing them off to signal his long-term intentions.

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Khun has continued to invest in the stadium and training ground, and flies in by helicopter for each match.
The publicity-shy family are also heavily into polo, another sport into which they have poured huge sums - but it is football that has really captured Khun's imagination.

Away coach travel for the fans is capped at £10 a head, and when the team won promotion to the top flight in 2014, he treated them to a meal of caviar and fine wine in a West End restaurant and picked up the tab.

At that point, Khun claimed he would spend £180m to take Leicester into the top five in the country within three years. It is a feat the Thai has achieved in only 12 months.

The investment has also been of a kind that has shown his commitment to the club, which is an indication that Leicester may well not be just a one-season wonder, despite Claudio Ranieri's wariness. If Khun's enthusiasm does not wane, they could be here for some time.

'Top', often seen at the training ground, is the man charged with the day-to-day running of the club by his father. The family are devout Bhuddists and have invited monks to the King Power Stadium and the training ground on several occasions to bless the squad.




 

 

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