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    Leicester City’s owners sued for £323m owed Thai govt

    Chronicle EditorBy Chronicle EditorNovember 13, 2017No Comments2 Mins Read
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    Vichai Srivaddhanaprabha (right) and his son Aiyawatt own Leicester City
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    Vichai Srivaddhanaprabha (right) and his son Aiyawatt own Leicester City

    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.

    READ: Croatia secure World Cup place at expense of Greece

    The BBC has contacted Leicester City FC, King Power and AOT for comment.

    • Retail business King Power was founded by Vichai Srivaddhanaprabha in 1989
    • The company was awarded its Thai duty-free monopoly in 2006
    • Srivaddhanaprabha, who is worth an estimated $4.9bn, bought Leicester City in 2010
    • King Power also own Belgian club OH Leuven and have a controlling stake in the operator of AirAsia

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

    Leicester City won the English Premier League in 2015/2016 season

    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.

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