Thai Government Drag Leicester City’s Owners To Court Over £323m Debt

By  |  0 Comments

The owners of Leicester City Football Club are reportedly being sued for £323m over money owed to the Thai government.

A criminal court in Bangkok accepted the case against King Power International on Monday, according to Reuters news agency.

The case is also being brought against executives of state-owned Airports of Thailand (AOT), Reuters says.

At a hearing on Monday, the Central Criminal Court in Bangkok accepted the case and said it would now hear from witnesses in February next year.

The action against King Power, owned by Vichai Srivaddhanaprabha and his family, was initially filed in July.

The lawsuit alleges that King Power failed to pay the government 14 billion baht (£323m) from the operation of a duty-free franchise it was awarded in 2006.

The action against Srivaddhanaprabha – who is worth around $4.9bn – and his family was initially filed in July and at the hearing on Monday the Central Criminal Court accepted the case and witnesses will now be heard in February next year.

The case is also being brought against executives of state-owned Airports of Thailand, Reuters reports.

Srivaddhanaprabha bought Leicester City in 2010 and has overseen promotion from League 1 to the Champions League as well as winning the Premier League in 2016

•Sport writer/blogger • Media strategist •Good citizen of Nigeria and Social Media Evangelist and a core die hard Real Madrid fan.

Leave a Reply

Your email address will not be published. Required fields are marked *