Leicester City has announced the payment of a £194 million loan from KPI. This is the second time under the management of the Srivaddhanaprabha family. Successfully cleared the debt from the year 2013. Which had previously released 103 pounds of debt
English Premier League club Leicester City have confirmed that Foxes chairman Aiyawat Srivaddhanaprabha has cleared all of the UFABET club’s debts totaling £194 million from parent company King Power.
KPI has issued a loan to The Fox to help build new training grounds and support team and women’s investments. During the coronavirus pandemic. The loan and related interest have been converted into the capital held by KPI in the club. And it was the second time that the debt-to-equity transfer was complete. Under the ownership of the Srivaddhanaprabha family who took over Leicester City in 2010
The first time happened in 2013. When the debt was 103 million pounds, or about 4,223 million baht ensured that. All existing shareholder investments in the club. Mr Tob said long-term stability is essential to sustainable growth. They are fundamental principles that have always guided our investments in the future of the club.
“We want to ensure that we continue on our path from the strongest and safest financial base. The club said in a statement. Our community Both in Leicester, Thailand and around the world their faith in us to run the club responsibly, with ambition and integrity. It guided our decisions and remains vital to us creating one of the most successful eras in the history of the club.
For Leicester City, it was taken over by the Srivaddhanaprabha family. Over the past 13 years and achieved unprecedented success by winning the Premier League 2015-2016 season. FA Cup 2020-2021, Community Ti Shield 2021. however, this new season they still do not perform well, ranking 14th in the table at this time, just one point above the relegation zone.