King Power chairman Vichai Srivaddhanaprabha
King Power chairman Vichai Srivaddhanaprabha

Foxes owners King Power to buy Belgian club

sports May 17, 2017 19:40

By Agencies

AFTER TURNING underachievers Leicester City into Premier League champions, King Power International has turned its sights on OH Leuven, agreeing to buy the Belgian second-tier club.

King Power is the “only bidder with clear and coherent proposal”, the club said. Its directors said the deal “guarantees the future of the club, both financially and in sporting terms”.

OH Leuven were relegated from Belgium’s top tier last year. The club said new ownership would provide “sufficient financial resources to aspire to the earliest possible return”. It was also reported that the travel retail group – founded by Leicester chairman Vichai Srivaddhanaprabha in 1989 – will fund an expansion of the club’s youth system.

Wichai, 58, bought Leicester City in 2010, with the club winning promotion to the top flight four years later and claiming the Premier League title last season.

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