The 'King Power' company of Leicester City owner Vichai Srivaddhanaprabha, for which the club's home stadium is named, is being sued for a figure in excess of £322m after being accused to pay money owed to the Thai government.

By 90Min
November 13, 2017

The 'King Power' company of Leicester City owner Vichai Srivaddhanaprabha, for which the club's home stadium is named, is being sued for a figure in excess of £322m after being accused to pay money owed to the Thai government.

King Power is a duty-free business that was awarded a monopoly of airports in Thailand by disgraced former Primer Minister Thaksin Shinawatra in 2006.

According to Reuters news agency, the lawsuit has been accepted by a criminal court in Thailand after initially being filed in July and will be heard in February.

King Power stands accused of 'criminally failing' to pay the Thai government 14 billion baht (£322.38m) from the operation of the airport franchise.

Srivaddhanaprabha, who bought Leicester in 2010 after an earlier sponsorship deal, is believed to have a personal worth of close to $5bn.

Srivaddhanaprabha serves as Leicester chairman, with son Aiyawatt as vice-chairman.

The club recently hired experienced Frenchman Claude Puel as manager following the dismissal of Craig Shakespeare. Shakespeare himself had earlier replaced Premier League winning boss Claudio Ranieri in February of this year.

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