davieG Posted 4 March 2015 Posted 4 March 2015 The owner of Leicester City has seen his wealth soar by £800 million over the past year, according to a list of global billionaires. Vichai Srivaddhanaprabha is now estimated to be worth £1.8 billion, a report by US magazine Forbes has stated. The City chairman, owner of Thailand-based duty free business King Power, is ranked at number 714 on the list, up from 1,154 last year. He has also moved from the 11th to sixth richest person in Thailand. The magazine reported King Power, which has a monopoly on retail operations at Bangkok's Suvarnabhumi and Don Muang airports, saw revenues grow by almost a fifth to £1.23 billion in 2014 despite the country's political crisis. The report by Forbes states: "With the military junta hinting that King Power's monopoly on duty free operations in Thailand's largest three airports could be under threat, he's eyeing expansion in the region, including in Japan and Korea." As well as Leicester City, Mr Srivaddhanaprabha's other assets include a 4 per cent stake in Thai budget airline Nok Air. The 57-year-old, who celebrated King Power's 25th anniversary last year at a big gala event, owns dozens of horses and his own polo field outside of Bangkok. He is an avid polo player. Mr Srivaddhanaprabha, who bought City from Milan Mandaric in a £39 million deal in 2010, has pumped more than £120 million into the club. In 2013, he wiped out the club's debts of £103 million after converting them into shares. City revealed on Tuesday they racked up losses of almost £21 million during their Championship title charge last season. However, the club said they had met the Football League's Financial Fair Play (FFP) rules which state a club could only make a loss of £8 million in 2013-14, or face a transfer ban or a fine of up to £20 million. This is because, City claim, £13 million of these losses were "allowable" costs. The Football League are yet to confirm this. Read more: http://www.leicestermercury.co.uk/Leicester-City-owner-sees-wealth-soar-800m/story-26118118-detail/story.html#ixzz3TQQ49fIz Follow us: @Leicester_Merc on Twitter | leicestermercury on Facebook
BirminghamFox Posted 4 March 2015 Posted 4 March 2015 We're gonna walk this league. ...he said...next season!
AyewJoking Posted 4 March 2015 Posted 4 March 2015 do you reckon this is why he sacked Pearson, because he could finally afford Sven ?
Voll Blau Posted 4 March 2015 Posted 4 March 2015 Reckon he ought to share the wealth a bit and drop ticket prices.
cc_star Posted 4 March 2015 Posted 4 March 2015 So he's claiming £13m were allowable losses, when the FL set the limit at £8m?
Benji Posted 4 March 2015 Posted 4 March 2015 So he's claiming £13m were allowable losses, when the FL set the limit at £8m? Nar, £13m of the £21m loss does not count towards the £8m limit. We must be pretty close to the threshold, though.
sylofox Posted 4 March 2015 Posted 4 March 2015 So he's claiming £13m were allowable losses, when the FL set the limit at £8m? Yeah ground expense training ground and acadamy and promotion bunus's don't count and we paid out nearly 10m on bonus's
Claridge Posted 4 March 2015 Posted 4 March 2015 Yeah ground expense training ground and acadamy and promotion bunus's don't count and we paid out nearly 10m on bonus's We ought to fine the players 10 million for this year. Rewarded when doing well, fined when doing shit
cc_star Posted 4 March 2015 Posted 4 March 2015 If he'd have invested 5% of this increase in income in summer transfer fees he'd probably be even better off in future years
MooseBreath Posted 4 March 2015 Posted 4 March 2015 Forbes only use publicly available or volunteered information in these lists, they're not necessarily accurate, could be just that Forbes didn't know about £800m worth of business interests last year but now they do.
Mike Oxlong Posted 4 March 2015 Posted 4 March 2015 Looking forward to the Rolex under my seat at the last home game of the season.
DANGEROUS TIGER Posted 4 March 2015 Posted 4 March 2015 Holy Moses ! Shall we have a whip round for the poor guy?
Voll Blau Posted 4 March 2015 Posted 4 March 2015 Round of applause in the 800th minute yeah lads?!?!
BoneDog Posted 4 March 2015 Posted 4 March 2015 I don't mean to sound cheeky mate, but can I have a hundred grand? Mrs can't walk anymore need a powerchair and a new roof. You'll still have seven hundred and ninety nine million and nine hundred thousand left from the years growth.
justfoxes Posted 4 March 2015 Posted 4 March 2015 ...he said...next season! I thought it was next but one season when whe got £2 billion
justfoxes Posted 4 March 2015 Posted 4 March 2015 Looking forward to the Rolex under my seat at the last home game of the season.Wonder if I could swap mine for a Breitling or am I just being far too picky ??
Mike Oxlong Posted 4 March 2015 Posted 4 March 2015 Wonder if I could swap mine for a Breitling or am I just being far too picky ?? Go for it! Will probably be a flyer announcing next season's price increases on the basis that we will have four more home games.
cc_star Posted 5 March 2015 Posted 5 March 2015 Round of applause in the 800th minute yeah lads?!?! Is that the next time the ref will award us a penalty
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