Leicester City Football Club has appointed Vichai Raksriaksorn as its new chairman replacing Milan Mandaric who left in November.
Vichai joins his son, Aiyawatt, who has been on the Foxes board since December and will now become vice chairman. On his appointment Vichai told the club’s official website: "The primary reason for investing in Leicester City was not only because of my passion for football, but also my strong desire to revive and return the club to the Premier League. Leicester City has a history of playing Premier League football and it is time for a new chapter to be created.
"I have made a solid commitment to sacrifice more than half of my time from my main business of duty free, to dedicate time to Leicester City, giving as much support as I can. Financially, we have also invested more than was first anticipated. Ultimately, this will yield substantial improvements in the working structure of the club, both on and off the field, some of which we have already seen as the core competitive aspects of the team have been strengthened in all areas."
The Raksriaksorns were the first to pass the Football League’s examination of potential new owners in October last year.