Leicester owner clears £194m debt

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Leicester chairman Aiyawatt Srivaddhanaprabha has relieved the club of an outstanding £194 million ($239 million) debt which had been owed to parent company King Power International.

“We want to make sure we continue on that path from the strongest, most secure financial footing,” Srivaddhanaprabha said in a club statement.

“I believe with all my heart in Leicester City and what the club can achieve for our fans, our people and our communities – in Leicester, Thailand and around the world. “The faith they continue to place in us to run their club responsibly with ambition and integrity guides our decision making and remains vital to us building on one of the most successful eras in the club’s history.”Brendan Rodgers’ men sit 14th in the table, just one point above the relegation zone.All rights reserved.

Source: News Formal (newsformal.com)

 

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