bobtickle Posted 13 July 2017 Posted 13 July 2017 second law suit now http://www.skysports.com/football/news/11712/10946865/leicester-citys-owners-king-power-international-facing-second-big-money-lawsuit-in-thailand
SheppyFox Posted 13 July 2017 Posted 13 July 2017 They're being sued for nearly £740m now right? Cant wait for league one again, cant give tickets away!
bobtickle Posted 13 July 2017 Posted 13 July 2017 about £705 million, not that that makes much difference...... but still two more lawsuits to come ! this would be greater than our greatest escape if they can get out of this one. dread to think of the consequences for Leicester. hopefully they can call elections soon in Thailand, its been a long time coming, it just might give them a more favourable environment.
TheLittleBigMan Posted 14 July 2017 Posted 14 July 2017 On 06/07/2017 at 18:25, Unclenobhead said: Why the heck are you reading the Bangkok post anyway, checking the small ads for a ladyboy?? Bet he found one too. One that does rimming. Film that sh*t
tom27111 Posted 14 July 2017 Posted 14 July 2017 So, our new sleeve sponsor is owned by the same organisation who are bringing corruption charges against King Power "Let us stick this purple shit on your sleeve and we could maybe come to a deal"
Guybino Posted 14 July 2017 Posted 14 July 2017 I live in Phuket. King Power is huge all over Thailand. Nothing on the national news about any of this. Local people think nothing will come of it.
cc_star Posted 14 July 2017 Posted 14 July 2017 7 hours ago, TheLittleBigMan said: Bet he found one too. One that does rimming. Film that sh*t Last time people from Leicester were filmed in Thailand... it turned out okay
cc_star Posted 14 July 2017 Posted 14 July 2017 I said something on FT years ago, about their fortune basically riding on the good will of thai government & as governments change over there quite recklessly it could easily be taken from them AFAIK they were quite well-in with Thaksin Shinawatra and the later parties he supports from outside Thailand As Thailand lurches from one party Shinawatra backs to the rivals, Shinawatra's associates could be seen either as a cash cow or a business to overthrow
Babylon Posted 14 July 2017 Posted 14 July 2017 Personal fortune of 5 billion dollars, turnover of 2.4 billion dollars a year. This lawsuit is for a percentage of profits remember, so if they owe 15%, it means they've got 75% profit to pay that out of. The case will get argued, they'll counter sue and they'll settle for a fraction of the price. So long as the bloke doesn't have his cash sat in Thai banks, then it's hunky dory for a few years yet.
cc_star Posted 14 July 2017 Posted 14 July 2017 9 minutes ago, Babylon said: Personal fortune of 5 billion dollars, turnover of 2.4 billion dollars a year. This lawsuit is for a percentage of profits remember, so if they owe 15%, it means they've got 75% profit to pay that out of. The case will get argued, they'll counter sue and they'll settle for a fraction of the price. So long as the bloke doesn't have his cash sat in Thai banks, then it's hunky dory for a few years yet. Can they give me the other 10%?
Babylon Posted 14 July 2017 Posted 14 July 2017 1 minute ago, cc_star said: Can they give me the other 10%? Ha ha sorry on my phone!
Daggers Posted 14 July 2017 Posted 14 July 2017 Just bribe the "Thai anti-graft (anti-corruption) official". Job done.
Vindaloo FOX Posted 22 July 2017 Posted 22 July 2017 http://www.leicestermercury.co.uk/sport/football/football-news/leicester-city-owners-backed-clear-227443#r3z-addoor King Power has won an earlier court case and they have been backed to win a second one by the president of Airports of Thailand, Dr Nithinai Sirismatthakarn.
Richmondfox Posted 22 July 2017 Posted 22 July 2017 My mate at work goes to Thailand every month for two weeks as his partner is Thai. He was talking to me about it saying it's not as big a deal out there as the U.K. press are making it to be. Since the military coup the army are spending too much money and they are looking to fill their accounts anyway way they can. It's not that king power did anything technically wrong, it's just the have a sweet deal and make a lot of money, so the army want more of a cut.
Dan Posted 22 July 2017 Posted 22 July 2017 4 hours ago, Richmondfox said: My mate at work goes to Thailand every month for two weeks as his partner is Thai. He was talking to me about it saying it's not as big a deal out there as the U.K. press are making it to be. Since the military coup the army are spending too much money and they are looking to fill their accounts anyway way they can. It's not that king power did anything technically wrong, it's just the have a sweet deal and make a lot of money, so the army want more of a cut. Struggling to contain my surprise.
surrifox Posted 22 July 2017 Posted 22 July 2017 A bigger worry might be that the franchise for the 2 main airports expires in the next couple of years and they will have to re-bid . Could derail the gravy train if they have a black mark against them
desertfox2 Posted 22 July 2017 Posted 22 July 2017 It will be settled out of court. Money talks over there and Top has plenty of it. It's going to cost him but I don't think we have anything to worry about.
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