urban.spaceman Posted 13 November 2017 Share Posted 13 November 2017 Guardian's David Conn is on this, desperate to bring us and the owners down as usual: Leicester City owner King Power to face £327m corruption charges in Thailand • Judge rules that criminal allegations presented in July should go ahead • King Power denies shortchanging Thai government over duty free money King Power bought Leicester City for a reported £39m when the club was in the Championship in 2010. David Conn and Phakarat Ryn Jirenuwat in Bangkok Monday 13 November 2017 12.53 GMT The company which owns Leicester City and funded the club’s rise to become 2016 Premier League champions is to face multimillion-pound corruption charges in Thailand. A judge at Thailand’s central court for corruption and misconduct cases ruled at a hearing on Monday that criminal allegations presented to the court in July should go ahead against King Power, the cash-rich company owned and run by the Leicester chairman, Vichai Srivaddhanaprabha, and his son Aiyawatt. King Power is accused of having corruptly short-changed the Thai government of 14bn baht (£327m), its agreed share from the company’s lucrative duty free monopoly at Bangkok’s Suvarnabhumi airport. The lawsuit, filed by Charnchai Issarasenarak, former deputy chairman of a government anti-corruption subcommittee, alleges that King Power and one of its executives colluded with airport employees to pay the government only a three per cent slice of the duty free revenues. The original 2006 grant to King Power of the franchise, at one of the world’s busiest airports, required 15% of the income to be paid to the government, according to the charges. King Power said in July that if the case was brought to trial it would be vigorously defended. The judge has accepted that the case should proceed against 14 Airport of Thailand officials, three King Power companies and one company official. The chief operating officer of King Power International, who is also the group vice chairman, Sombat Dechapanichkul, is the King Power executive charged personally. Vichai and Aiyawatt Srivaddhanaprabha are not personally named as defendants. In her ruling the judge said: “From the examination of the lawsuit, the court sees that the case is within the authority of the Central Court for Corruption and Misconduct case, and the lawsuit is in accordance with … the Procedures for Corruption and Malfeasance Case Act.” King Power bought Leicester City for a reported £39m when the club was in the Championship in 2010, then loaned the club more than £100m to sign players and bankroll wages and losses, an investment which paid off spectacularly when the club won its shock Premier League title in 2016. Vichai Srivaddhanaprabha established King Power in 1989 with one small shop in Bangkok, then gained access to major wealth when his company was granted the exclusive franchise for duty free sales at Suvarnabhumi airport. At the time the prime minister of Thailand was Thaksin Shinawatra, who was ousted in a military coup soon afterwards and fled the country. Thaksin bought Manchester City in 2007, then sold the club after a year to Sheikh Mansour bin Zayed al-Nahyan of the Abu Dhabi ruling family. In Thailand the military, and Thaksin’s bitter rivals, remain in charge. The prosecution and defence in the criminal case will now submit further evidence and lists of witnesses to be heard, with suggestions that the case may come to trial in March. In the original lawsuit, Charnchai listed the current prime minister of Thailand, General Prayuth Chan O-Cha, as the second witness. King Power responded to the criminal petition in July by saying in a statement: “The allegations in question are categorically denied. King Power has always followed and been absolutely committed to the highest standards in proper and ethical business practice. We are proud of our company’s good name and honest reputation and will fight rigorously any attempts to discredit them.” It is not clear whether the case would have any impact on Leicester City if it proceeds and is proven. Premier League rules prohibit people from owning more than 30% or being a director of a club if they have been convicted of a criminal offence of dishonesty, but there is no precedent for companies involved in club ownership, rather than individuals, being charged. Link to comment Share on other sites More sharing options...
Voll Blau Posted 13 November 2017 Share Posted 13 November 2017 1 hour ago, urban.spaceman said: Guardian's David Conn is on this, desperate to bring us and the owners down as usual: It's no vendetta against us. David Conn is well-known for scrutinising basically every football club's finances if he gets half a chance. Link to comment Share on other sites More sharing options...
Drew Peacock Posted 13 November 2017 Share Posted 13 November 2017 4 hours ago, onekeithweller said: No more free doughnuts. On the plus side the clappers will be binned, and Andy King will be sold off before being offered a 10 year contract in 2020. Link to comment Share on other sites More sharing options...
Costock_Fox Posted 13 November 2017 Share Posted 13 November 2017 The new contract for Ulloa is finally making sense, we’re on our way we’re on our way back to League 1 we’re on our wayyy. Link to comment Share on other sites More sharing options...
Sol thewall Bamba Posted 13 November 2017 Share Posted 13 November 2017 20 minutes ago, urban.spaceman said: Guardian's David Conn is on this, desperate to bring us and the owner down. Everything he's written there is factual though? Link to comment Share on other sites More sharing options...
Countryfox Posted 13 November 2017 Share Posted 13 November 2017 Well I just don't know what to make of all this .. .... I'm going to reserve my judgement until that self opinionated pr1ck Gary'Know it all knickers' Lineker lets us all know what he thinks. Link to comment Share on other sites More sharing options...
Wymsey Posted 13 November 2017 Share Posted 13 November 2017 Gary Lineker @GaryLineker · 1m Who's that Countryfox guy belittling me on Foxestalk? I'm too big a man to wear just knickers. I own big boy pants, as I'm the boss man. 387 1.4K 10.2K Link to comment Share on other sites More sharing options...
Far Post Gerry Posted 13 November 2017 Share Posted 13 November 2017 Politically motivated. With the power change in thailand, the military gov't are throwing their weight around, trying to show rich families and businesses who's boss - and where to pledge their allegiance. It'll get resolved; always does. Link to comment Share on other sites More sharing options...
Chocolate Teapot Posted 13 November 2017 Share Posted 13 November 2017 56 minutes ago, urban.spaceman said: Guardian's David Conn is on this, desperate to bring us and the owners down as usual: Leicester City owner King Power to face £327m corruption charges in Thailand • Judge rules that criminal allegations presented in July should go ahead • King Power denies shortchanging Thai government over duty free money King Power bought Leicester City for a reported £39m when the club was in the Championship in 2010. David Conn and Phakarat Ryn Jirenuwat in Bangkok Monday 13 November 2017 12.53 GMT The company which owns Leicester City and funded the club’s rise to become 2016 Premier League champions is to face multimillion-pound corruption charges in Thailand. A judge at Thailand’s central court for corruption and misconduct cases ruled at a hearing on Monday that criminal allegations presented to the court in July should go ahead against King Power, the cash-rich company owned and run by the Leicester chairman, Vichai Srivaddhanaprabha, and his son Aiyawatt. King Power is accused of having corruptly short-changed the Thai government of 14bn baht (£327m), its agreed share from the company’s lucrative duty free monopoly at Bangkok’s Suvarnabhumi airport. The lawsuit, filed by Charnchai Issarasenarak, former deputy chairman of a government anti-corruption subcommittee, alleges that King Power and one of its executives colluded with airport employees to pay the government only a three per cent slice of the duty free revenues. The original 2006 grant to King Power of the franchise, at one of the world’s busiest airports, required 15% of the income to be paid to the government, according to the charges. King Power said in July that if the case was brought to trial it would be vigorously defended. The judge has accepted that the case should proceed against 14 Airport of Thailand officials, three King Power companies and one company official. The chief operating officer of King Power International, who is also the group vice chairman, Sombat Dechapanichkul, is the King Power executive charged personally. Vichai and Aiyawatt Srivaddhanaprabha are not personally named as defendants. In her ruling the judge said: “From the examination of the lawsuit, the court sees that the case is within the authority of the Central Court for Corruption and Misconduct case, and the lawsuit is in accordance with … the Procedures for Corruption and Malfeasance Case Act.” King Power bought Leicester City for a reported £39m when the club was in the Championship in 2010, then loaned the club more than £100m to sign players and bankroll wages and losses, an investment which paid off spectacularly when the club won its shock Premier League title in 2016. Vichai Srivaddhanaprabha established King Power in 1989 with one small shop in Bangkok, then gained access to major wealth when his company was granted the exclusive franchise for duty free sales at Suvarnabhumi airport. At the time the prime minister of Thailand was Thaksin Shinawatra, who was ousted in a military coup soon afterwards and fled the country. Thaksin bought Manchester City in 2007, then sold the club after a year to Sheikh Mansour bin Zayed al-Nahyan of the Abu Dhabi ruling family. In Thailand the military, and Thaksin’s bitter rivals, remain in charge. The prosecution and defence in the criminal case will now submit further evidence and lists of witnesses to be heard, with suggestions that the case may come to trial in March. In the original lawsuit, Charnchai listed the current prime minister of Thailand, General Prayuth Chan O-Cha, as the second witness. King Power responded to the criminal petition in July by saying in a statement: “The allegations in question are categorically denied. King Power has always followed and been absolutely committed to the highest standards in proper and ethical business practice. We are proud of our company’s good name and honest reputation and will fight rigorously any attempts to discredit them.” It is not clear whether the case would have any impact on Leicester City if it proceeds and is proven. Premier League rules prohibit people from owning more than 30% or being a director of a club if they have been convicted of a criminal offence of dishonesty, but there is no precedent for companies involved in club ownership, rather than individuals, being charged. Yeah what a ridiculous article, writing facts about a topic he specialises in. Just wants us to fail doesn't he. Link to comment Share on other sites More sharing options...
Corky Posted 13 November 2017 Share Posted 13 November 2017 4 hours ago, ealingfox said: Yet more ammo for the haters. And they have a point. You can see why we aren't a popular club given this, the FFP, administration etc. Link to comment Share on other sites More sharing options...
fuchsntf Posted 13 November 2017 Share Posted 13 November 2017 8 hours ago, MattP said: Exactly why I said "morally" rather than "legally". Where in any contract is "morally" judicial or law based necessity. What is the base anywhere WW, What is morally correct. Uk business have zero hour contracts. Uk Govt led NHS are paying well under anything considered a decent wage.For trained qualified medical staff. Uk allows businesses to pay Many times under a good acceptable wage, by underpaying purposely foreigners, in all trades and professions. Agriculltral and Gastronomy businesses, have purposely took on more foreigners, to keep wages down. We dont pay, women a fair equal wage. We denied in the corridors of power, the exsistence of sexual abuse and harassment. We have BJohnson has F.Secretary.... f**k off with whats right morally . Our biggest referendum, was delibrately railroaded with mis-i nformation, from both sides. Banks and other failing businesses have been allowed, to pay off for failed management Ridiculous Sums for Golden handshakes and bonuses. Morality, a wasted non associated word, part of our vocabulary that has no meaning.... You all want to be clever, and play Dell-boys through your lives....nudge, nudge, wink, wink. Link to comment Share on other sites More sharing options...
lgfualol Posted 13 November 2017 Share Posted 13 November 2017 The owners are proper dodgy really. Link to comment Share on other sites More sharing options...
Strokes Posted 13 November 2017 Share Posted 13 November 2017 Can’t really call it duty free if tax is owed can you? Link to comment Share on other sites More sharing options...
weller54 Posted 13 November 2017 Share Posted 13 November 2017 17 minutes ago, fuchsntf said: Where in any contract is "morally" judicial or law based necessity. What is the base anywhere WW, What is morally correct. Uk business have zero hour contracts. Uk Govt led NHS are paying well under anything considered a decent wage.For trained qualified medical staff. Uk allows businesses to pay Many times under a good acceptable wage, by underpaying purposely foreigners, in all trades and professions. Agriculltral and Gastronomy businesses, have purposely took on more foreigners, to keep wages down. We dont pay, women a fair equal wage. We denied in the corridors of power, the exsistence of sexual abuse and harassment. We have BJohnson has F.Secretary.... f**k off with whats right morally . Our biggest referendum, was delibrately railroaded with mis-i nformation, from both sides. Banks and other failing businesses have been allowed, to pay off for failed management Ridiculous Sums for Golden handshakes and bonuses. Morality, a wasted non associated word, part of our vocabulary that has no meaning.... You all want to be clever, and play Dell-boys through your lives....nudge, nudge, wink, wink. .....say no more! Link to comment Share on other sites More sharing options...
RODNEY FERNIO Posted 13 November 2017 Share Posted 13 November 2017 Nothing wrong with tax avoidance i.e finding a legitimate way to avoid or minimise tax liabilities. Everything wrong with tax evasion though. Link to comment Share on other sites More sharing options...
Suzie the Fox Posted 13 November 2017 Share Posted 13 November 2017 1 minute ago, RODNEY FERNIO said: Nothing wrong with tax avoidance i.e finding a legitimate way to avoid or minimise tax liabilities. Everything wrong with tax evasion though. Just look what happened to Al Capone! Link to comment Share on other sites More sharing options...
Fox92 Posted 13 November 2017 Share Posted 13 November 2017 1 hour ago, Countryfox said: Well I just don't know what to make of all this .. .... I'm going to reserve my judgement until that self opinionated pr1ck Gary'Know it all knickers' Lineker lets us all know what he thinks. Without that self opinionated know it all, we probably wouldn't have a club so yeah fire away Gaz. Link to comment Share on other sites More sharing options...
foxinsocks Posted 13 November 2017 Share Posted 13 November 2017 this is a matter between the owner an the thai authorities - I would expect there to be a political and maybe even a fiscal dimension tot this type of thing. when I employed lots of folk I became non judgmental about the way they lived their lives and the stances they took - this is similar - it is just not our business. If there is to be an impact on the club - eg. we are an asset that could be recovered... or the owners subsequently fail a proper person test then so be it. IMO they are good owners of our club... but what happens in not down to us. I care if they get prevented from owing or running us - but it is not of my choosing . I am not attached tot them - that;s why I appreciate what they have done and continue to do for us in the here and now.... we won't always have them. Link to comment Share on other sites More sharing options...
Countryfox Posted 13 November 2017 Share Posted 13 November 2017 38 minutes ago, Fox92 said: Without that self opinionated know it all, we probably wouldn't have a club so yeah fire away Gaz. Well at least we both agree on what he is ... Link to comment Share on other sites More sharing options...
Koke Posted 13 November 2017 Share Posted 13 November 2017 6 hours ago, RumbleFox said: Well I am happy to pay taxes and whilst I don't want to pay more than I owe I certainly would never try and dodge any tax. I think from an "ideology" point of view it could be seen as a moral issue whereas maybe less so in the "real world". The system we live in relies on people paying into a central pot for the "greater good". I would argue that if people (especially the very rich) actively try and pay less than they "owe" to the central pot it could be deemed a morally "not great" thing to do. Whether the government misuse that money is for me a separate issue. The idea of paying taxes to support the community is something I believe in strongly and I have been and always will be happy to pay my part. Taxation is theft. I've been watching too many anarcho-capitalist YouTube videos over the International break. Link to comment Share on other sites More sharing options...
yorkie1999 Posted 13 November 2017 Share Posted 13 November 2017 1 hour ago, RODNEY FERNIO said: Nothing wrong with tax avoidance i.e finding a legitimate way to avoid or minimise tax liabilities. Everything wrong with tax evasion though. That’s right but everyone knows tax avoidance and tax avoidance schemes are only legal because the taxman hasn’t got round to investigating most of them yet. Link to comment Share on other sites More sharing options...
Fox 4 Life Posted 13 November 2017 Author Share Posted 13 November 2017 Aiyawatt Srivaddhanaprabha, King Power CEO and Leicester City vice chairman, said: "The allegations in question have yet to be accepted by the court and are categorically denied. "King Power has always followed and been absolutely committed to the highest standards in proper and ethical business practice. "We are proud of our company's good name and honest reputation and will fight rigorously any attempts to discredit them." Link to comment Share on other sites More sharing options...
Long Eaton Fox Posted 13 November 2017 Share Posted 13 November 2017 From what I have seen from our owners they come across as genuine caring people who just want the best for Leicester City football club. Yes they are business people and have to make difficult decisions like with Claudio and Shaky but to me they seem honest and are innocent until proven guilty. Link to comment Share on other sites More sharing options...
Nick Posted 13 November 2017 Share Posted 13 November 2017 Well they are worth about 5 billion and these Thai Government charges will go on for about a year before they settle out of court for £80 million.... Meh. Link to comment Share on other sites More sharing options...
Manini Posted 13 November 2017 Share Posted 13 November 2017 Civil case not criminal, they're worth absolute billions and it will get settled out of court anyway if and when the case gets accepted in to the courts. It's not a big deal in the grand scheme of things. People have been saying we cheated the system with administraton for years anyway so I don't really care what other teams fans think. They'll pay about half of that back and the rest will be written off is my guess. Link to comment Share on other sites More sharing options...
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