LEICESTER, England (AP) — English second-tier club Leicester has been bought by a consortium led by Thai businessman Aiyawatt Raksriaksorn.
The League Championship club announced Thursday that Milan Mandaric will stay as chairman and is a stakeholder in the Asia Football Investments consortium.
Financial details were not disclosed.
Raksriaksorn owns Thailand-based duty-free shopping business King Power Group, which last week secured a three-year shirt sponsorship deal with Leicester.
Leicester’s last major title was winning the League Cup in 2000.
