Leicester City Owners Complete Stadium Purchase
March 1, 2013
The owners of Championship football side Leicester City have completed the purchase of the King Power Stadium for £17m ($25.5m).
The Srivaddhanaprabha family who own the Foxes have secured a deal for the stadium, buy which was previously owned by American Pension fund company, sale pills Teachers Insurance, drugs saying it was part of their ‘long-term vision’ for the club.
Vice-Chairman, Aiyawatt Srivaddhanaprabha 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.
“Purchasing the stadium was always a key element in this plan. The previous stadium owners have always been very co-operative.
“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.”
The 32,262-seater stadium has been bought through the club owner’s company K Power Holdings Co Ltd and was originally built in 2002 at a cost of £37m ($55.6m).