webfact Posted February 1, 2023 Share Posted February 1, 2023 The Srivaddhanaprabha family have overseen Leicester City's rise to Premier League, their title success in 2016 and their FA Cup victory in 2021 Leicester chairman Aiyawatt Srivaddhanaprabha has cleared the club's outstanding £194m debt to parent company King Power International (KPI). The club owed the amount in loans to KPI, which is owned by the Srivaddhanaprabha family. A debt-to-equity transfer to KPI was completed to relieve the club of its outstanding debts. Leicester said the move was evidence of "KPI's commitment to supporting the club's long-term sustainability". Full story: https://www.bbc.com/sport/football/64483794 -- © Copyright BBC 2023-02-02 - Cigna offers a range of visa-compliant plans that meet the minimum requirement of medical treatment, including COVID-19, up to THB 3m. For more information on all expat health insurance plans click here. The most versatile and flexible rental investment and holiday home solution in Thailand - click for more information. Link to comment Share on other sites More sharing options...
hotchilli Posted February 1, 2023 Share Posted February 1, 2023 That's a lot of money, secong time a large debt has been cleared. 1 Link to comment Share on other sites More sharing options...
Popular Post RandolphGB Posted February 2, 2023 Popular Post Share Posted February 2, 2023 Ill gotten gains from a duty free monopoly 2 1 3 Link to comment Share on other sites More sharing options...
herfiehandbag Posted February 2, 2023 Share Posted February 2, 2023 (edited) The Thai influence is clear - some good "pointing"! Edited February 2, 2023 by herfiehandbag 1 1 Link to comment Share on other sites More sharing options...
Grusa Posted February 2, 2023 Share Posted February 2, 2023 I really do not understand the obsession that makes football.......watching not playing.......worth so much money. 1 Link to comment Share on other sites More sharing options...
d4dang Posted February 2, 2023 Share Posted February 2, 2023 call Chuwit Link to comment Share on other sites More sharing options...
blazes Posted February 2, 2023 Share Posted February 2, 2023 I wonder if Mrs Vardy's legal debts will be folded into that write-off? Link to comment Share on other sites More sharing options...
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