Our system detected that your browser is blocking advertisements on our site. Please help support FoxesTalk by disabling any kind of ad blocker while browsing this site. Thank you.
Jump to content
Liamlcfc1

The 3rd investor

By Liamlcfc1, in Leicester City Forum

Recommended Posts

Liamlcfc1

Liamlcfc1

Posted
Posted

Hi all a mate of mine says the 3rd investor is someone called Newin Chidchob

http://www.nationmultimedia.com/home/2010/08/23/sports/Newin-Connection-makes-Foxes-deal-very-interesting-30136389.html

Kenny Huang, a Chinese sports entrepreneur, was in the news, trying to stitch up a deal in two weeks time to buy Liverpool. However, on Friday he pulled out of takeover talks with the Anfield club without giving the reasons behind the decision.

Last week, Blackburn Rovers held a "cordial and productive meeting" with Indian businessman Ahsan Ali Syed's company over a proposed takeover.

Chelsea will trot out sporting the logo of South Korea's Samsung. Birmingham City, who are owned by Hong Kong businessman Carston Yeung, broke with convention by signing a deal with Chinese sportswear maker Xtep - which will produce the team's kit for the next five years.

This year many Thai businesses have decided to follow the footsteps of former prime minister Thaksin Shinawatra, who bought Manchester City for �81.6 million (Bt4 billion) in 2007 and sold it to the Abu Dhabi sheikhs for a reported �200 million.

Singha Beer this month became the official beer sponsors of both Manchester United and Chelsea. Singha Corporation, the manufacturer of Singha and Leo beers, paid �8 million for a four-year sponsorship deal with Chelsea as part of the company's strategy to grow its international business. The company previously signed a �6.3 million, three-year sponsorship contract with Manchester United.

Chang Beer of Thai Beverage, Singha's rival, has been Everton Football Club's main partner since 2004 as well as its shirt sponsor.

Another big deal in British football was the takeover of Championship side Leicester City by Thai businessman Vichai Raksriaksorn, the politically well-connected founder of King Power. Vichai's son Aiyawatt headed Asian Football Investments, a consortium that includes Milan Mandaric, who bought the club three years ago.

The takeover is quite interesting because it could have a political agenda.

Financial details of the deal have not been disclosed but Thai media put the price tag at around Bt2 billion. In terms of business, the deal is reasonable. King Power had already signed a three-year shirt sponsorship deal with Leicester. Under the deal, Leicester City's Walkers Stadium will be renamed King Power Stadium by December.

The takeover could be good for the championship team. Vichai, who is listed as the 27th richest man in Thailand by Forbes, has money and seems to show an intention to develop the club. Vichai has supported polo over the past 15 years in Thailand and spent several hundred millions baht on it. With the takeover, Vichai wants to transform Thailand into an Asian football academy hub.

But the only thing I'm curious about is the role of Newin Chidchob. Vichai's close friend and owner of Buri Ram EPA in the Thai Premier League, Newin could be the man behind the deal, as he once admitted that Vichai had consulted him about the takeover.

As a politician, Newin saw benefits in owning a football team as it boosted his and his party's popularity. By building a football team, he could get fans in a short period of time. And the fans could be turned into his political base any time. It's even possible that Buri Ram EPA and Leicester will soon join hands. The partnership will help boost Newin's political popularity.

I wrote in February that it wouldn't surprise me if Newin follows Thaksin's footsteps by owning an English Premier League club. Though Leicester is owned by Newin's close friend, it is believed that the Buri Ram politician has a finger in the pie.

And if that's true, then the Foxes will have a great future. Newin, an ambitious and determined man, could deliver what he intends to do. In the near future Leicester and Buri Ram EPA fans may see their players in a training-cum-exchange programme. Leicester players could play at Buri Ram EPA while Thai footballers could play for Leicester.

With money and good intentions, the Foxes could see themselves promoted to the Premier League sooner rather than later.

CKB

CKB

Posted
Posted

Hmmm would make sense from that article, but knowing our luck it will be Charlie Wong....WANNA BUY DVD?

Lineker's Left Foot

Lineker's Left Foot

Posted
Posted

I thought the new investors were going to be Indonesian.

Sorry mate, but are they definitely Indonesian then? How do you? I think I'm getting like a kid before xmas eve wondering who this is going to be and whether they do have a lot of cash.

m00nie

m00nie

Posted
Posted

if it was him and as hes his friend they would have took over together rather than one come in then another few weeks later surely..

lcfcjim

lcfcjim

Posted
Posted

Another kinky linky

However It is not known how deeply Newin Chidchob is involved in the group. Newin owns Thai Premier League side Buriram PEA FC and one of the main sponsor of his club is the King Power group. But their are rumours that he was involved in the deal, buying Leceister City.

Might not mean ote, but backs up the name given in the original post.

davieG

davieG

Posted
Posted

This guys name has been banded around for months.

Chairman of the Bored

Chairman of the Bored

Posted
Posted

Ok, I've answered my own question.

Newin is a former mate of Thaksin Shinawtra and was in his government up until 2006 when a military coup overthrew him. Shinawatra's party was the Tak Rai Party and largely has the support of the Thai working class and rural farm hand types. After the coup, Shinawtra came to England to bugger up Man City (he nearly succeeded). In the meantime, the new military leadership was led by general Sonthi Boonyaratglin. The military almost sorted things out (it's amazing how things get sorted when you have a jack boot stomping on your face) and thereafter the Democrat Party led coalition gained the majority in the National Assembly. Abhisit Vejjajiva, the Democrat Party's leader, was voted by the majority of the Parliament's members to be the new prime minister in December 2008. The Democrat Party is largely supported by the liberal elite and educated types. Abhisit was educated at Oxford University and Eton (hello CallMeDave!).

In the meantime, Newin Chidchob formed his own party called Friends of Newin (nice one!) - although it is now called the Bhumjaithai Party. Just when everything in the Thai garden was starting to come up roses, Thaksin's supporters (the Red Shirts) started to protest, leading to street fighting and all sorts of shenanigens leaving many dead. As a result, Newin slagged off Thaksin and is now persona non grata to his old boss, so much so there are suggestions in the Thai media that his life is at risk because of this criticism.

Conclusions?

1. If Newin is investing in LCFC, better get him quick before he loses his noodle.

2. Thai politics make our Coalition Government look like a Parish Council on a summer's day.

3. Newin seems to be a bit left wing, but he might also be a bit right wing when the mood takes him.

Actually, our Coaliton Government are a bunch of chancers, n'er do wells and general arseholes, but that's another matter entirely.

Foxes_Trust

Foxes_Trust

Posted
Posted

From the Mercury article today quoting Milan "They are great people, very credible people and top business people. Financially they are very strong. They love their football and they will be great for the club. They are not from Thailand but they are from Asia."

This would appear to back the Indonesion theory

Guest DavidJCW

Guest DavidJCW

Posted
Posted

Having read that, it just makes me feel very very uneasy about the whole thing.

In it for political gain... to improve Thai football... to impose their brand on Europe... sending our players out there (who would really want to come here if they had the threat of that over their heads?)...

I'm sorry, but I'm yet to see anyone say they're actually thinking about what is best for the club first and building us up to be a stable Premiership team...

I'd love it to go brilliantly, don't get me wrong, but right now, it's all a little cloak and dagger.

Archived

This topic is now archived and is closed to further replies.

Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...