AdminLeicester City have completed a further issue of shares to King Power International, with the latest move formally filed at Companies House this week.
The development sees £8.5million of recently provided funding converted into equity, providing the club with additional financial support as it continues to manage its ongoing operations.
Despite the latest share issue, Leicester have stressed that there has been no alteration to the club’s ownership structure or composition. The Foxes remain ultimately and beneficially owned by the Srivaddhanaprabha family.
The move represents another significant financial step for Leicester as the club continues to navigate a challenging period both on and off the pitch. Additional funding has been required to support the club’s operations, with the latest arrangement strengthening its financial position without changing who controls the football club.
The share allotment to King Power International means the £8.5million recently injected into Leicester has now been converted into equity, rather than remaining as funding owed to the parent company.
The club confirmed: “The allotment of new shares to our parent company converts £8.5million of recently provided funding into equity. This funding provides further financial support for the Club’s ongoing operations.”
Leicester also reiterated: “There has been no change to the ownership structure or composition of the Club, which remains ultimately and beneficially owned by the Srivaddhanaprabha family.”
The development comes as attention remains firmly focused on Leicester’s financial position and future direction.
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