Thai businessman Aiyawatt Raksriaksorn and his ‘Asia Football Investments’ consortium have today become the majority stakeholders in Leicester City Football Club.
A statement on the club’s website reads: “The deal brings new strength and energy to Leicester and offers a tremendous opportunity for supporters and the club.
We are celebrating today as the deal represents three things.
First, ambition. This will help us push forward to compete harder for a place at the top table of English football.
Second, strength. It will strengthen the squad and youth academy by bringing additional financial support and introducing a new global network of contacts and access to player talent.
It also represents a third key factor – partnership. I am delighted to remain as chairman and a stakeholder in the new consortia.”
Aiyawatt commented: “We are delighted that Asia Football Investments has secured this exciting deal.
I am passionate about football and I see in Leicester City as a club with tremendous passion and potential.
It has excellent management on and off the pitch and I am convinced that it has the right mix of ambition and realism to drive the team, and club, forward.
I do look forward to getting behind the new manager and his team and to enjoying real progress, which I know the fans crave and deserve.”
Mandaric, club owner for the last three years, will retain his chairmanship for the time being. Details of the other consortium members have yet to be released.
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