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World

Leicester's Thai owners put troubled club up for sale

LONDON: Former Premier League champions Leicester have been put up for sale by the club’s Thai owners, according to reports on Thursday.

nst.com.my ·

Leicester's Thai owners put troubled club up for sale

Leicester City's Thai owners, King Power, are putting the club up for sale, according to recent reports. Just a decade after their historic Premier League title victory, the team will now compete in English football's third division for the first time in their history this season. The club, which clinched their first FA Cup in 2021, has faced a challenging period, having been relegated from the Premier League twice in recent years.

Last season, they were penalized six points for breaching profit and sustainability rules, leading to their descent into League One. A BBC report stated that King Power, led by the Srivaddhanaprabha family, has enlisted a prominent US investment bank to assist in finding a potential buyer. The club's assets are reportedly valued at over £200 million (US$269 million).

The Srivaddhanaprabha family acquired Leicester in a £35 million purchase in 2010. Aiyawatt Srivaddhanaprabha, who took over as chairman following his father Vichai's death in a helicopter crash in 2019, admitted responsibility for the club's current situation but emphasized that the structure will undergo changes. Leicester's promotion campaign begins with a match against Notts County on Saturday.

Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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A deadly drug, Tapentadol, was found to have been smuggled into Korea through an international postal item sent from France. The Korea Customs Service, under the Ministry of Trade, Industry and Energy, said on Sunday that it had confirmed that Tapentadol, a Schedule 1 narcotic, had been detected in an international postal item that had arrived in Korea from France on April 13. The parcel, which weighed 1.2 kilograms and was registered as “perfume,” was sent from the French city of Lyon and was delivered to a Korean address. Customs officials analyzed data on the item and discovered that it contained 21.9 grams of Tapentadol, which is a highly addictive painkiller. The parcel was seized on April 13 and an investigation is underway to determine who sent it and why. The Korea Customs Service has not disclosed the recipient’s information, citing privacy concerns. Tapentadol has been listed as a Schedule 1 narcotic by the United Nations Office on Drugs and Crime. It is the first time that Tapentadol has been confirmed to have been smuggled into Korea. The Korea Customs Service has strengthened inspections on international postal items to prevent the smuggling of narcotics. In 2020, 117 cases of narcotics smuggling through postal items were reported, up 35 percent from 2019. Last year, 153 cases were reported, up 31 percent from 2020. The number of cases of narcotics smuggling through postal items has been rising in recent years. The Korea Customs Service has urged people to report suspicious postal items to prevent the spread of narcotics. Anyone with information on narcotics smuggling can contact the Korea Customs Service’s Narcotics Smuggling Report Center.

·hani.co.kr

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