An owner of a top horse is said to be confronted with ‘total business collapse’ – with his tax -free empire that runs the risk of falling completely.
Sun Sport told your Leicester City chairman Aiyawatt “Top” Srivaddhanaprabha left his role as Chief Executive of King Power with the company that stared at “mass losses and potential failures”.
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TOP, 39, is now “Group Executive Chairman” with its role that switches to “Determining the direction and setting the policy frameworks for business activities”.
There are fears about what that means for 5000-1 Premier League winners the future of Leicester City in the midst of their current financial misery.
The foxes are banned from the Premier League and are confronted with a likely points deduction in the EFL subsequent period.
The top remains a large number of racing horses – including one that is mentioned upright – under the enormously successful King Power Banner.
With names such as Fox Vardy, Fiveth Thousandtoone, the Foxes and Dillydingdillydong, the horses have always paid tribute to the Srivaddhanaprabhas and their King Power/Leicester Association.
And thanks to top class trainers such as Andrew Balding, the Thoroughbreds also picked up some top prizes.
King Power Racing Co Ltd has earned more than £ 5 million on the flat in the last five years.
Their best year was 2019 – the year after the father of Top Khun Vichai and four others were killed in one Helicopter crashes in the Leicester stadium.
The operation had a win of £ 2.4 million that season, partly thanks to the victory of the group 1 Champions Sprint Stakes by Donjuan Triumphant.
That was worth £ 330,000 and came on the back of other successes with large race, including Shine So Bright’s City of York Stakes Victory and Pivoine’s £ 125,000 victory in the John Smith’s Cup.
But the money has dried somewhat in the following seasons.
King Power Horses
The horses owned by King Power all have Leicester themes. Here are some of the more memorable to have been walked over the years.
Fox Vardy
Dillydingdillydong
Bielsa
Fivethuizendoone
Fox
Fox
Fox Tal
Fox stories
Artificiality
Lucky power
Teumessias Fox
Proud to be Fox
Immediately up again
Good luck Fox
Come on Leicester
Fox Shinji
The income fell by only shy from £ 350,000 from 2023 to 2024, despite the number of winners that jumped from 27 to 29.
And although there is still much of the flat season to go, King Power has had a strike speed of 12 percent this year – corresponding to their lowest ever – with 13 winners at the time of writing.
That amounts to the income of £ 417,109 – but with many still to play in the coming months and with a lot of King Power horses with many entries.
The flagbearers of King Power now seem to be group 2 Hero Bellum Justum and the foxes, both trained by Kingsclere Handler Balding.
Bellum Justum landed a monster £ 830,000 victory when he claimed the Nashville Derby in Kentucky last August.
He then won the Group 2 Betfred Jockey Club Stakes in Newmarket in May of this year – and brought another £ 70,000 home.
While the Group 2 Huxley Stakes from Foxes in May in Chester in Chester was only shy for £ 75,000.
The money is important in itself, but nothing compared to the situation in which the King Power Company is located.
King Power had a 30-year near-monopoly on service-free concessions in Thailand.
But while at four of the most important airports in the country, he can re -negotiate contracts, all rental costs want to be waived.
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.
Tops replacement Nitinai SirismaThakarn said: “It is like a patient who survives on oxygen.
“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.
“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.”
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