Filbert_Ross Posted 1 March 2013 Share Posted 1 March 2013 LCFC Owners Purchase King Power Stadium Leicester City Football Club is delighted to announce that the Club’s owners, the Srivaddhanaprabha family, have completed the purchase of King Power Stadium. The purchase of the stadium site by the Club’s owners, through their K Power Holdings Co Ltd, from its previous owners, an American pension fund manager, forms a key part of the family’s plans to safeguard the Club’s long-term future. Aiyawatt Srivaddhanaprabha, Vice Chairman of Leicester City Football Club, said:“It has always been part of our long-term vision to put the stadium back where it belongs, into the hands of the Football Club. Our plan is to bring long-term sustainable success to Leicester City Football Club. Purchasing the stadium was always a key element in this plan. The previous stadium owners have always been very cooperative. Whilst there are no immediate plans to alter the structure or design of the stadium site, the increased flexibility through direct ownership ensures that the Football Club can freely adjust to the changing needs of its supporter-base for the future.†In September 2012, the Srivaddhanaprabha family placed Leicester City under the direct ownership of King Power International (KPI) - the parent and holding company of the globally successful and respected King Power Group of companies. The purchase of King Power Stadium further highlights the family’s long-term vision to deliver sustainable success for the Football Club. This significant investment in the Club’s infrastructure will allow the Club increased flexibility in the future. “The stadium already bears the proud name of King Power, but this latest development truly makes the home of Leicester City part of the Srivaddhanaprabha family’s central business and sporting interests,â€Â added Susan Whelan, Leicester City’s Chief Executive Officer. “For firstly the Football Club, and now its magnificent stadium to be aligned so closely with a group of companies of such global success and repute can only be beneficial for the future of Leicester City, while the removal of all significant third party debt ensures a more sound financial position from which the Club can progress.†Link to comment Share on other sites More sharing options...
crisp packet Posted 1 March 2013 Share Posted 1 March 2013 Great news ! Link to comment Share on other sites More sharing options...
Simmo86 Posted 1 March 2013 Share Posted 1 March 2013 Good news? Link to comment Share on other sites More sharing options...
ACF Posted 1 March 2013 Share Posted 1 March 2013 Fantastic news, no more debt to 3rd parties, just King Power! Link to comment Share on other sites More sharing options...
Rocky Dennis Posted 1 March 2013 Share Posted 1 March 2013 Question is: Which poster will moan first? Link to comment Share on other sites More sharing options...
glenny_fox Posted 1 March 2013 Share Posted 1 March 2013 Great news. Just shows they are in it for the long haul Link to comment Share on other sites More sharing options...
Babylon Posted 1 March 2013 Share Posted 1 March 2013 Wow... Just wow!!! Link to comment Share on other sites More sharing options...
Leicester_Numan Posted 1 March 2013 Share Posted 1 March 2013 Great news. More proof they're here for the long term Link to comment Share on other sites More sharing options...
cambridgefox Posted 1 March 2013 Share Posted 1 March 2013 Probably come and bite me,but for the 1st time in many many years I trust our owners and feel although they are businessmen and want to make money they have the good of the club at heart.Think we are very lucky. Link to comment Share on other sites More sharing options...
Simmo86 Posted 1 March 2013 Share Posted 1 March 2013 Impeccable timing! Link to comment Share on other sites More sharing options...
Blanesta Posted 1 March 2013 Share Posted 1 March 2013 I'm so pleased about this, it's been on my mind since cov have had their trouble with stadium ownership, a weight has been lifted. I think it shows the long term plan the owners have because the total money spent could only be recouped if we were a premiership club, although I could see them hanging around for some premiership football. Link to comment Share on other sites More sharing options...
Libertine Dream Posted 1 March 2013 Share Posted 1 March 2013 That is great news Link to comment Share on other sites More sharing options...
MC Prussian Posted 1 March 2013 Share Posted 1 March 2013 What a difference an owner a consortium makes. That's very impressive. I don't know how many other clubs have troubles with debts related to their stadium as of today, but it surely feels great to have a burden like that lifted. Long may it continue under the Thai ownership. There are enough bad examples around - just look at Cardiff. Link to comment Share on other sites More sharing options...
The Year Of The Fox Posted 1 March 2013 Share Posted 1 March 2013 Are these owners for real?! Link to comment Share on other sites More sharing options...
Bilo Posted 1 March 2013 Share Posted 1 March 2013 Good news. They're in it for the long term these boys. I know they're saying there are no plans for structural changes to the ground, but this certainly makes that option a lot easier to fulfill so one eye is clearly on the future. If they could just cover up the concrete of the stands and take those dirty fabric posters down, covering it up with some cladding, we'd be in business. St. Mary's have it at more or less the same design and it looks so much neater. It'd be nice to see the work done for it to be able to host concerts. I'd be all over a Kasabian stadium tour date at the KP. Link to comment Share on other sites More sharing options...
Deucalion Posted 1 March 2013 Share Posted 1 March 2013 Fantastic news. I notice the quote about 'freely extending' the stadium too, although we would need more than 23000 down to justify this. The timing is probably judged to coincide with dramatic news regarding Sven's debts but there is no way this can be spun as anything but great news. I still can't remember their new names though, but go the Sri............... nee Raksriaksorns!! Link to comment Share on other sites More sharing options...
The Year Of The Fox Posted 1 March 2013 Share Posted 1 March 2013 I may have to start coming to terms with the fact that for once good things have happened at our club with the owners Link to comment Share on other sites More sharing options...
Zingari Posted 1 March 2013 Share Posted 1 March 2013 What have the Romans Thais ever done for us ?!! Link to comment Share on other sites More sharing options...
Filbert_Ross Posted 1 March 2013 Author Share Posted 1 March 2013 Just said on the news the the purchase was in the region of £17million. Link to comment Share on other sites More sharing options...
Mattyfox Posted 1 March 2013 Share Posted 1 March 2013 Fantastic news, just shows they are here long term, and showing commitment! They've obviously got plans, exciting times!! Link to comment Share on other sites More sharing options...
foxfanazer Posted 1 March 2013 Share Posted 1 March 2013 Excellent! Link to comment Share on other sites More sharing options...
phillo Posted 1 March 2013 Share Posted 1 March 2013 Great news coyb Link to comment Share on other sites More sharing options...
jock2612 Posted 1 March 2013 Share Posted 1 March 2013 This is great news!!!!!!!!!!!!!!!!!!! Long term stability and promotion? Link to comment Share on other sites More sharing options...
Simmo86 Posted 1 March 2013 Share Posted 1 March 2013 Just said on the news the the purchase was in the region of £17million. Tight ****ers could've spend that on players in January! Link to comment Share on other sites More sharing options...
dynamark Posted 1 March 2013 Share Posted 1 March 2013 Well done to all you tourists buying duty free at Bancock.Must have cleaned out all the tills and the petty cash tin. Link to comment Share on other sites More sharing options...
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