Leicester's fairy tale – now a nightmare?

13th Nov 2017

The football world cheered when Leicester City shocked everyone by winning the EPL title in 2015-16 … although less so when ex-Leicester hero Gary Lineker appeared on Match of the Day in just his underpants … but now even more gloss is being taken off the Foxes' fairy tale win. Owners King Power International are being sued by their own government.

Not a lot seems to have gone right for Leicester since their earth-shattering EPL title victory. The side did manage to reach the quarter-finals of the 2016-17 UEFA Champions League, but at the expense of their league form and at the cost of title-winning manager Claudio Ranieri's job. Craig Shakespeare was brought in to save the side from relegation to the Championship, but he too lost his role following Leicester's poor start to the 2017-18 season.

Key title-winning players N'Golo Kante and Danny Drinkwater have both been sold to Chelsea, and squad additions such as Kelechi Iheanacho, Islam Slimani, Ahmed Musa and Nampalys Mendy have hardly set the King Power Stadium alight.

Now Leicester's ownership seems under threat. King Power International are being sued for £323 million in regards to money they owe to the Thai government. The money is in relation to a duty-free franchise it was awarded in 2006.

It's not the first time King Power's financial wheeling and dealing has come under scrutiny. In 2013 £11 million was raised in sponsorship for Leicester via a company called Trestellar Ltd. It has been alleged that Trestellar was simply a front for King Power themselves, allowing them to invest more money into the Leicester City coffers without violating Finanicial Fair Play rules.

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