Thai Businessman Raksriaksorn Led-Group Buying Leicester City Soccer Club

A group led by Thai businessman Aiyawatt Raksriaksorn is buying Leicester City, a second- division English soccer club.

Raksriaksorn runs the King Power Group of duty-free companies, which last week signed a three-year sponsorship agreement with the club, chairman Milan Mandaric said in a statement on the team’s website. Mandaric said he’ll remain in his post and is part of the ownership group, which will finance the purchase of new players.

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