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King Power: Leicester City's owners 'sued for £323m' | |
(about 9 hours later) | |
The owners of Leicester City Football Club are reportedly being sued for £323m over money owed to the Thai government. | The owners of Leicester City Football Club are reportedly being sued for £323m over money owed to the Thai government. |
A criminal court in Bangkok accepted the case against King Power International on Monday, according to Reuters news agency. | A criminal court in Bangkok accepted the case against King Power International on Monday, according to Reuters news agency. |
The case is also being brought against executives of state-owned Airports of Thailand (AOT), Reuters says. | The case is also being brought against executives of state-owned Airports of Thailand (AOT), Reuters says. |
The BBC has contacted Leicester City FC, King Power and AOT for comment. | The BBC has contacted Leicester City FC, King Power and AOT for comment. |
Live updates and more from the East Midlands | Live updates and more from the East Midlands |
The lawsuit accuses King Power of failing to pay the Thai government 14 billion baht (£323m) from the operation of a duty-free franchise it was awarded in 2006. | The lawsuit accuses King Power of failing to pay the Thai government 14 billion baht (£323m) from the operation of a duty-free franchise it was awarded in 2006. |
At a hearing on Monday, the Central Criminal Court in Bangkok accepted the case and said it would now hear from witnesses in February next year. | At a hearing on Monday, the Central Criminal Court in Bangkok accepted the case and said it would now hear from witnesses in February next year. |
The action against King Power, owned by Vichai Srivaddhanaprabha and his family, was initially filed in July. | The action against King Power, owned by Vichai Srivaddhanaprabha and his family, was initially filed in July. |
Analysis: Professor Peter Leyland - School of African and Oriental Studies | |
This case almost certainly goes back to the time that the airport concessions were given out when the main international airport in Bangkok was being built. | |
Unravelling the complications of the contract and the concessions is likely to turn out to be a long, drawn out affair, as have been other such cases in Thailand. | |
There have been many cases in recent years that concern Thai billionaires and millionaires, none of whom have ended up in prison. | |
Who are King Power? | Who are King Power? |