Leicester City owners being sued for £323m by Thai government

LEICESTER CITY'S owners are being sued for £323million over money owed to Thai government, according to reports.

During Monday's hearing, the Central Criminal Court for Corruption and Misconduct accepted the case and revealed they would hear from witnesses on February 12, 2018.

Vichai's reputation for canny decision-making surged after the 2016 English Premier League championship win by minnows Leicester City, which his family bought for an estimated $58 million in 2010.

King Power stands accused of "criminally failing" to pay the Thai government 14 billion baht (£322.38m) from the operation of the airport franchise.

King Power denied any wrongdoing in a statement in July.

'The court agreed to hear the case, ' an official from Bangkok's Corruption court told reporters.

However, the club and King Power say the allegations "have yet to be accepted".

"[The allegations] are categorically denied", he said.

'King Power has always followed and been absolutely committed to the highest standards in proper and ethical business practice.

They said they would "fight rigorously" any attempts to "discredit them".

Starting with a single shop in Bangkok in 1989, Vichai has built an estimated fortune of $2.9 billion through his duty-free empire.

The BBC has also contacted Airports of Thailand for a comment, but it is yet to respond.

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