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Leicester City owners complete full takeover

Wed 18th May 2011 | Clubs Ownership

Leicester City Football Club has announced that Asia Football Investments (AFI) has taken sole ownership of the club.

AFI owned 80% of the club, alongside Cronus Sports Management who owned 20%, prior to this announcement.

The substantial financial backing given to the club both on and off the field by AFI has come from King Power, headed by Vichai and Aiyawatt Raksriaksorn.

AFI announced their takeover of Leicester City Football Club in August 2010, ahead of being ratified by the Football League in October. Vichai and Aiyawatt Raksriaksorn became the first owners to be endorsed by the Football League's new examination of potential football club owners in the process.

Leicester City Vice-Chairman, Aiyawatt Raksriaksorn spoke exclusively to LCFC.COM on today's announcement: "We are very pleased to now own 100% of Leicester City Football Club. This year has been a tremendous experience and everyone at the club is already putting the foundations together for next season.

"I would like to thank the people of Leicester and Leicestershire for welcoming us in to their club and for showing us their support. We promise to do all we can to improve the club, deliver success and achieve a return to the Premier League."

Aiyawatt speaks exclusively in the next issue of F.C. Business Magazine of his plans for the future of the club.  

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