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The Independent UK
The Independent UK
Sport
Pa Sport Staff

Leicester chairman relieves £196m of club debt owed to parent company

Leicester Aiyawatt Srivaddhanaprabha KPI
Getty Images

Leicester City have announced chairman Aiyawatt Srivaddhanaprabha has relieved the club of the outstanding £194million debt which was owed to parent company King Power International.

The Premier League club said over £194m in loans and related interest had been capitalised into equity issued to KPI, which is wholly owned by the Srivaddhanaprabha family.

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