How Much Was Leicester City Bought For? The King Power Takeover Explained

Let’s talk about Leicester City’s ownership! Vichai Srivaddhanaprabha bought the club in 2010 for £39 million. He was a fantastic owner and brought great success to the club. His son, Aiyawatt, is now the chairman and continues the legacy. Before Vichai, Milan Mandarić, a Serbian-American businessman, owned Leicester City.

Vichai Srivaddhanaprabha was a Thai businessman and the founder of King Power Duty Free, a company based in Bangkok, Thailand. He was passionate about football and saw the potential in Leicester City. He invested heavily in the club, not just financially, but also by bringing a strong work ethic and a positive vision for the future.

His investment led to significant improvements in the club’s infrastructure, facilities, and, most importantly, the quality of players. Under his ownership, Leicester City experienced a remarkable rise through the ranks, eventually achieving the unthinkable by winning the Premier League title in 2016. Vichai was a beloved figure at the club and in the city of Leicester, known for his kindness, generosity, and unwavering dedication to the team. Sadly, he passed away in a tragic helicopter crash in 2018, leaving a void that will never be filled.

Aiyawatt Srivaddhanaprabha, Vichai’s son, has taken over the reins of Leicester City with the same dedication and passion. He has continued his father’s legacy, ensuring the club remains competitive and continues to strive for excellence. It’s a testament to the strong foundations Vichai laid down that Leicester City continues to be a force to be reckoned with in English football.