FoxonMaui Posted 8 July 2017 Posted 8 July 2017 Hopefully they will now need to get the full 50m for Riyad ?
possiblygeorge Posted 9 July 2017 Posted 9 July 2017 That gold on the kits and every f**king where else is doing wonders. Does bring "good fortune" after all.
norwichfox Posted 11 July 2017 Posted 11 July 2017 On 08/07/2017 at 07:26, FoxInTheBirstallBox said: I don't think I've ever seen a post from you where you haven't found something to moan about There's a good reason for that....
surrifox Posted 12 July 2017 Posted 12 July 2017 https://www.theguardian.com/football/2017/jul/12/leicester-owner-king-power-accused-corruption-thailand-duty-free
Babylon Posted 12 July 2017 Posted 12 July 2017 Was the money not written off before we got promotion? Yes it was.
Buce Posted 12 July 2017 Posted 12 July 2017 https://www.theguardian.com/football/2017/jul/12/leicester-owner-king-power-accused-corruption-thailand-duty-free The company that owns Leicester City and funded the club’s rise to become 2016 Premier League champions has been accused of multimillion-pound corruption in the operation of its business in Thailand. King Power, owned and run by the Leicester chairman, Vichai Srivaddhanaprabha, and his son Aiyawatt, is alleged to have corruptly short-changed the Thai government of its agreed share from the company’s lucrative duty free franchise at Bangkok’s Suvarnabhumi airport. King Power International, which owns Leicester, is accused of criminally failing to pay the Thai state 14bn baht (£327m) from the operation of the airport franchise, whose original grant in 2006 required 15% of the income to be paid to the government. The lawsuit – a copy of which was seen by the Guardian – was filed by Charnchai Issarasenarak, deputy chairman of a government anti-corruption subcommittee. He alleges that King Power colluded with airport employees to pay the government only a 3% slice of the duty free taki King Power bought Leicester City for a reported £39m in 2010, when the club were in the Championship, and then loaned the club more than £100m on players, wages and bankrolling losses, which were written off after the club won promotion to the Premier League in 2014. Explaining the legal action to reporters in Thailand, Charnchai said: “We ask the court to accept this lawsuit as a criminal lawsuit, and use the law to punish those who commit wrongdoings. We also ask the court to consider seizing all the 14.29bn baht from them to the state. Nobody should ever gain [anything] from this said amount ... This case causes substantial damages to the state and is a very severe case.” Two other King Power group companies owned and run by the Srivaddhanaprabha family have also been accused of corruption in the legal action, along with a senior King Power executive. Fourteen officials working for Airports of Thailand have also been named in the action. The lawsuit alleges corrupt misconduct and a failure to act with honesty and integrity.
Jon the Hat Posted 12 July 2017 Posted 12 July 2017 If we got seized by the Thai State would we become Royal Leicester City?
Wymsey Posted 12 July 2017 Posted 12 July 2017 It's apparently been known for a while, in private, but just recently been released in public. Will be interesting to see the outcome of this. But quite confused this has occurred, as since they came here - the owners have only appeared respectful and having integrity with what they've done at the club and changed its fortunes around.
The_77 Posted 12 July 2017 Posted 12 July 2017 With King Power's contracts in Thailand expiring soon, I wonder if this was brought on by business/political rivals looking to get into VIchai's turf. Could also be the gov't trying to strong-arm him into a better deal for them. Who knows? I'm definitely not qualified to add any substance to this discussion.
Jonezy Posted 12 July 2017 Posted 12 July 2017 Ref-based matchfixing...??! When was that supposed to be happening....?
st albans fox Posted 12 July 2017 Posted 12 July 2017 7 minutes ago, Jonezy said: Ref-based matchfixing...??! When was that supposed to be happening....? shhh ..... aug 11th
CosbehFox Posted 12 July 2017 Posted 12 July 2017 3 hours ago, Babylon said: David Conn... what a surprise. Yes the bloke whose track record into investigation football finance is centred around foreign ownership only.
Guest Posted 12 July 2017 Posted 12 July 2017 we may not buy many players, but we always manage to have an interesting transfer window.
Trav Le Bleu Posted 12 July 2017 Posted 12 July 2017 23 minutes ago, DatfoxesKid23 said: our owners are the mafia of Thailand The Famiry?
Recommended Posts
Archived
This topic is now archived and is closed to further replies.