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News Forum - Thai supremo cancels Leicester City’s 7.8 billion baht debt

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Aiyawatt Srivaddhanaprabha revealed his long-standing commitment to Leicester City Football Club by cancelling the club’s enormous debt. Aiyawatt, the Leicester chairman, yesterday announced he has cleared the £194 million (7.8 billion baht) debt the Foxes owe to its parent company King Power International (KPI). This was accomplished through a debt-to-equity transfer to KPI, freeing Leicester …

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