Leicester City's billionaire owner sued for £327m over alleged unpaid taxes in anti-corruption case in Thailand

Daily Mail | November 13, 2017

Leicester City's owners are being sued for £327million by the Thai government over an alleged attempt to dodge taxes.

A Thai anti-corruption court has accepted a lawsuit accusing duty-free giant King Power, the company that owns Leicester City Football Club, of owing the state £320m in unpaid taxes.

King Power is owned by billionaire Vichai Srivaddhanaprabha, the 60-year-old who bought Leicester for an estimated £44m in 2010 and financed their incredible Premier League title win in 2016, and his son Aiyawatt.

Vichai Srivaddhanaprabha's King Power company, the owner of Leicester City and whose name is given to their ground, is facing trial in Thailand after being accused of tax dodging

Vichai (second left) and his son, Aiyawatt (centre), parade the Premier League trophy at the King Power Stadium after Leicester's shock title triumph in 2016, which they funded

The suit accuses King Power executives of colluding with airport authorities to pay only three per cent of the company's annual revenue instead of the contracted 15 per cent.