Leicester City’s owner is the CEO of King Power, Aiyawatt Srivaddhanaprabha. He has a 55% stake in the Foxes, whilst other members of the Srivaddhanaprabha family have smaller stakes in the club.
The Srivaddhanaprabha family have been the owners of Leicester City since 2010. Thai businessman Vichai Srivaddhanaprabha bought the club while they were in the Championship. Sadly, he passed away in 2018 and his son, Aiyawatt Srivaddhanaprabha, is now the owner.
When did King Power become owners of Leicester City?
Vichai Srivaddhanaprabha bought Leicester City in 2010 but he was actually already involved in the club. His first affiliation with the Foxes came from a shirt sponsorship deal. He then brokered a £39m consortium takeover deal from former Leicester City owner Milan Mandaric, per LeicestershireLive.
Srivaddhanaprabha also became the chairman of the club in February 2011. The man was loved by all at the Foxes but sadly passed away in 2018. Following his death, ownership of the club was passed down to his son, Aiyawatt Srivaddhanaprabha, who has a 55% stake.
Four other family members also hold stakes in the club in Voramas Srivaddhanaprabha (10%), Apichet Srivaddhanaprabha (10%), Aroonroong Srivaddhanaprabha (10%) and Aimon Srivaddhanaprabha (15%).
What have Leicester City won since the Srivaddhanaprabha family became their owners?
The Foxes have won a lot since King Power and the Srivaddhanaprabha family became the owners of Leicester City in 2010. Even though they took over while the Foxes were a mid-table Championship club.
Leicester City won automatic promotion from the Championship in 2014 and also lifted the title that term. Vichai Srivaddhanaprabha then invested a further £180m into the club to take them to the next level, per LeicestershireLive. The ownership had dreams of the club competing in Europe and against the best in the country.
Lots of football fans laughed at these aims, so no one expected Leicester to win the Premier League title, which they managed in 2015/16. It was a remarkable achievement and to do it only two years after their promotion was an amazing story.
Since then, Leicester City have also managed to win the FA Cup once and the Community Shield once. The Foxes also won the 2023/24 Championship title during their only season back in the second-tier following relegation from the Premier League in 2022/23.
What is the net worth of the Srivaddhanaprabha family?
Leicester City owner Atiyawatt Srivaddhanaprbha held a net worth of around £2.87b in July 2023, per BangkokPost. He is also the CEO and chief commercial officer of King Power. But he shares his fortune with his mother (who is the chairman of King Power) and three siblings.
King Power is a large reason for the wealth of the Srivaddhanaprabha family as it is Thailand’s leading operator of airport duty-free stores. The family is also worth this huge amount due to the fact that they own a big part of MahaNakhon alongside King Power and Leicester. The MahaNakhon is a development project in Bangkok which features one of the biggest skyscrapers in Thailand.
What is the value of Leicester City FC?
According to Forbes as of May 2023, Leicester City are worth around £620m. They also held the 23rd-highest value among all professional football clubs thanks to a revenue of £214m.
Forbes valued Leicester City so highly despite their relegation to the Championship in 2023 as their prior decade was very successful. As well as winning multiple trophies, the Foxes have competed in the UEFA Champions League, Europa League and Europa Conference League.