Loans converted to equity held by family’s King Power in Premier League club
Harvey Barnes celebrates scoring a goal for Leicester during their Premier League match against Brighton & Hove Albion at King Power Stadium in Leicester on Jan 21. (Photo: Reuters)
Leicester chairman Aiyawatt Srivaddhanaprabha has relieved the football club of an outstanding £194-million (7.8 billion baht) debt that had been owed to parent company King Power International.
The Premier League club said the loans had been issued by the Thai duty-free giant over the past four years to help build a new training ground and support investment in the squad through the coronavirus pandemic.
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