Leicester’s future dressed in doubt with owners who are confronted with total business collapse

The future of Leicester has been dressed in uncertainty while their Thai owners are dealing with a total collapse of the business community.

Foxes -President Aiyawatt “Top” Srivaddhanaprabha left his role as Chief Executive of Duty Free Giant King Current With the company that staring at huge losses and potential failures.

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TOP has switched to “Group Executive Chairman”, where he “will play an important role in determining the direction and setting the policy framework for company edits ”.

But that contributes to the club’s financial misery after their relegation of the Premier League And probably deducts in the EFL next term.

TOP, 39, took the lead over the Foxes and the King Power Company after the fatal helicopter crash that cost the life of his father Khun Vichai – since 2010 – and four others when it left the stadium after a premrot West ham In 2018.

He banked the club’s return to the premium after their relegation in 2023, but looked at the appointment of Ruud van Nistelrooy as a manager to succeed Steve Cooper In December no immediate return to the EFL was able to arrest.

But the problems on the club’s field seem to extinguish in insignificance by comparing the financial misery that the King Power Company affects.

King Power enjoyed three decade near-monopoly on service-free concessions Thailand But wants to fully negotiate contracts on four of the most important airports in the country, and requires all rental costs.

This is expected to lead to losses of £ 450 million-plus for the airports run by the state of Thailand, which rejected King Power’s opening offer.

But in a signal from the depths of the crisis, the replacement of TOP at the helm, Nitinai SirismaThakarn revealed,: “It is like a patient who survives on oxygen.

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“The intention of the company was to ask AOT to remove the oxygen because we can’t cope with it anymore. This was the signal that we sent.”

The admission signals the depth of the cash flow operations that threaten both the activities of King Power and its 7,000 employees.

He added: “We are in a position where we say we can’t make it, and we ask aot for help.

“We listen. If the conditions allow us to remain profitable, we will remain. If not, and we can’t let it work together, we accept that.”

It is still expected with Leicester Deelbedrijf at Van Nistelrooy After their relegation and the probability of a point deduction after a Prem Arbitration Tribunal had ruled that they can be sued and punished for a PSR infringement of the 2023-24 promotion campaign.

Leicester are approached for comment.