The King Power Stadium

Next Game

Leicester v So'ton

Saturday, 09 May 2015, 15:00

Barclays Prem

The King Power Stadium

Last Game

Leicester 3 - 0 Newcastle

Saturday, 02 May 2015, 12:45

Barclays Prem

Leicester role for Richards

A boardroom shake up at Leicester is set to see Sir Dave Richards become the Championship club's new chairman, according to reports.

Last Updated: 18/06/13 at 12:14 Post Comment

Sir Dave Richards: Set for Leicester chairman role

Sir Dave Richards: Set for Leicester chairman role

Richards, the former Sheffield Wednesday chairman, will return to club football when he steps down from his role with the FA Premier League at the end of this month.

The 70-year-old will replace Vichai Srivaddhanaprabha at Leicester and Terry Robinson will join him at the King Power Stadium to work alongside manager Nigel Pearson as director of football after leaving Stoke's academy.

It is understood the Foxes have made the appointments with Financial Fair Play (FFP) in mind.

The forthcoming FFP rules, if broken, carry penalties such as a transfer embargo and last season Leicester's losses were in excess of £29million.

As Vichai Srivaddhanaprabha prepares the club for what he hopes will soon be Premier League football, Richards has been brought in to ensure it is run on a cost-effective basis.

He is a member of the FA's board, chairman of the FA's international committee, president of the European Professional Football Leagues organisation and chairman of UEFA's Professional Football Committee.

Robinson's brief will be to assist Pearson in squad building but he will specifically be asked to concentrate on lowering Leicester's wage bill by jettisoning a number of high earners signed by former manager Sven-Goran Eriksson.

Related News

Most Commented

Readers' Comments

N

ice work John.. have to agree with everything. Never measure your wealth in money.

wexford_blue
We're Not All Jealous Guys...

I

s it the same people that complain about Chelsea that complain about Mayweather? You should by now know what to expect from both, if you can't appreciate how good they are at nullifying their opponents then don't watch them.

Noz2k
Chelsea: This Ending Always Justifies The Means

I

do concede though, that getting rid of Luiz has made them less entertaining. In the same way that driving with both eyes open is less exciting, but probably a good idea.

megabrow (cufc)
Chelsea: This Ending Always Justifies The Means

Footer 365

Stephen McManus says Motherwell are full of confidence

Stephen McManus says Motherwell are full of confidence despite being adrift in the Scottish Premiership playoff place.

Arsene Wenger only wants to bring 'world-class' players to Arsenal

Arsene Wenger has revealed he is only looking to add “top, world-class players” to his Arsenal squad this summer.

Hull 1-3 Arsenal: Alexis Sanchez nets twice to move Arsenal level on points with Man City

Alexis Sanchez scored twice in the first half to help Arsenal coast past Hull with a 3-1 win at the KC Stadium.

Mail Box

Blaming Van Gaal For United Slump...

Wayne Rooney in midfield, the same balls aimed at Marouane Fellaini...Louis van Gaal has to find a solution. And a Burnley fan embraces relegation...

Shouldn't We Give Players Time?

Do we really want to throw out the baby with the bathwater every single summer? We also have a Man United fan who wants massive investment. And more...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company