Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

Levy
FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Leicester City Owners Purchase Stadium

Fri 1st Mar 2013 | Football Stadiums & Facilities

Leicester City’s owners the Srivaddhanaprabha family, have completed the purchase of King Power Stadium.

The purchase of the stadium site by the club’s owners, through their K Power Holdings Co Ltd, from its previous owners, an American pension fund manager, forms a key part of the family’s plans to safeguard the Club’s long-term future.

Speaking of the purchase, Aiyawatt Srivaddhanaprabha, Vice Chairman of Leicester City Football Club, said: “It has always been part of our long-term vision to put the stadium back where it belongs, into the hands of the Football Club.

“Our plan is to bring long-term sustainable success to Leicester City Football Club. Purchasing the stadium was always a key element in this plan. The previous stadium owners have always been very cooperative.

“Whilst there are no immediate plans to alter the structure or design of the stadium site, the increased flexibility through direct ownership ensures that the Football Club can freely adjust to the changing needs of its supporter-base for the future.”

In September 2012, the Srivaddhanaprabha family placed Leicester City under the direct ownership of King Power International (KPI) - the parent and holding company of the globally successful and respected King Power Group of companies. The purchase of King Power Stadium further highlights the family’s long-term vision to deliver sustainable success for the Football Club.

“The stadium already bears the proud name of King Power, but this latest development truly makes the home of Leicester City part of the Srivaddhanaprabha family’s central business and sporting interests,” added Susan Whelan, Leicester City’s Chief Executive Officer. 

“For firstly the Football Club, and now its magnificent stadium to be aligned so closely with a group of companies of such global success and repute can only be beneficial for the future of Leicester City, while the removal of all significant third party debt ensures a more sound financial position from which the Club can progress.” 

Image: lcfc.com

Posted by: Aaron Gourley

Subscribe to our newsletter

 

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE FCBUSINESS RSS FEED

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

In Focus: SISGrass Shows Its Strength

Mon 10th Apr 2017 | Football Stadiums & Facilities

From Russia 2018 World Cup venues to Derby County, 2016 was the year to remember for SISGrass. fcbusiness speaks to Phil Blackwell, UK Project Director for the Cumbria based company about their...

AFC Fylde Lay Foundations For New Education Centre

Thu 6th Apr 2017 | Football Stadiums & Facilities

AFC Fylde’s Community Foundation has revealed further details about its new £400,000 Education Centre, which is due to open at the £25m Mill Farm Sports Village later this year....

Wembley Stadium: Experiencing Club Wembley

Fri 31st Mar 2017 | Football Stadiums & Facilities

Wembley Stadium is one of the most famous football grounds anywhere in the world. The new stadium opened in 2007, and as this was our first visit, we wanted to do it in style with some hospitality....

Sweden Gets First Taste of SISGrass

Tue 28th Mar 2017 | Football Stadiums & Facilities

Sweden has had its first taste of the revolutionary SISGrass hybrid system following the turfing of the Gamla Ullevi football stadium in Gothenburg. Premier Pitches removed the pitch and SIS installed...