Leicester’s owner, King Power, accused of £327m corruption in Thailand
https://www.theguardian.com/football/2017/jul/12/leicester-owner-king-power-accused-corruption-thailand-duty-free?CMP=Share_AndroidApp_Copy_to_clipboard
This could be a huge distraction for the owners over the coming months. Transfer funds may be put on ice.
Owners in trouble?
posted on 12/7/17
I imagine they sh!t £327m out of their ass don't they?
posted on 12/7/17
This story has been around for a few days now, and it has a whiff of politics about it. The owners were very close to the old Thai king, who recently died. And now all of a sudden there are questions of corruption and underpayments of tax.
Quite frankly, it's hard to gauge. Could they be tax avoiding, or could new authorities be trying to make a point of what happens when people don't comply with their racket? Corruption could be present on either or both sides of this.
posted on 12/7/17
To say its a tangled web would be an under statement,
You certainly can't judge it from an uk euro system,
And its probably about showing allegiance to the new power base,
Either way the amount of money is probably not the problem
posted on 12/7/17
Yep, more politics in this than I care to imagine. This could mean 100s of things, but ultimately money talks, so I think they'll be ok.
Thailand is not the #1 country when it comes to ethics.
posted on 12/7/17
After what they have achieved at our club and the memories they have helped give us, I really couldn't care less.
posted on 13/7/17
This is a worry the owners lost the rights to their business in Thailand a few years ago until it was reversed. If this is another attempt for someone to get their hands on this lucrative business. But it could be nothing and Thorney's right we owe them a lot of gratitude for making our dreams come true.