Friday, 1 March 2013

Stadium Purchase

The owners of Leicester City Football Club have completed the purchase of the King Power Stadium in a deal believed to be worth about £17 million. The stadium had been owned by an American pension fund manager. Aiyawatt Srivaddhanaprabha, Vice Chairman of Leicester City Football Club, said: “It has always been part of our long-term vision to put the stadium back where it belongs, into the hands of the Football Club. Our plan is to bring long-term sustainable success to Leicester City Football Club. Purchasing the stadium was always a key element in this plan."

The next task will be to try and get more supporters through the turnstiles in the 32,000 seater stadium. Leicester are in 5th place in the Championship and are having a good season. However, their average gate is only 21,426. East Midlands rivals Nottingham Forest are in 8th place and have an average gate of 22,721 this season. Derby are in 12th position and have managed an average gate of 23,101.

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