Leicester purchase stadium

Leicester owners, the Srivaddhanaprabha family, have completed their purchase of the King Power Stadium for a reported £17m.

Last Updated: 01/03/13 at 11:52 Post Comment

King Power Stadium: Purchased by Leicester City's owners

King Power Stadium: Purchased by Leicester City's owners

The Foxes' home since 2002 had been owned by American pension fund company Teachers Insurance since the club came out of receivership soon after the ground opened.

But the club's owners have secured a deal for the 32,262-seater stadium that has been bought through their company K Power Holdings Co Ltd.

"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," vice-chairman Aiyawatt Srivaddhanaprabha told the club's official website.

"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 ground was built in 2002 at a cost of £37m to replace Filbert Street, but the club were soon plunged into administration.

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ow is the time for Allardyce to finally get a chance at a big club please. He is likely to have a number of great offers for his services this summer, but who will he choose? Will it be Liverpool, Real Madrid, Dortmund or Man City?

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thought exactly this when the Match of the Day pundits were peddling this line. Is it really not okay for fans of a club to have some ambition these days then?

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ow magnanimous off him - to leave if he's asked to by the owners? What's the alternative, bunker down in his office claiming squatter's rights if FSG want rid?

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