Leicester City chairman wipes out £124m of debt as statement released

Leicester Mercury

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Leicester City chairman wipes out £124m of debt as statement released

In the second such move in just over two years, Aiyawatt 'Top' Srivaddhanaprabha and King Power have effectively relieved the club of the debt owed to him and the parent company

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Clickbait rallies and totally misconduct from so called football expertise as they again are all wrong about Khun Top and LCFC

Embed from Getty Images Leicester today announced the news regarding two new issues of shares to King Power International and Aiyawatt Srivaddhanaprabha, relieving the Club of a combined total of £124m of debt to its parent company and owner. This shows, as we have said so many times before, that the Club and their ownership are fighting together to change difficulties of the past to hopefully bring more success in the future. Leicester took on …

Leicester City FC

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City Chairman Khun Top has approved further debt-to-equity conversions