The Thai charmer who made a fortune and gained soccer’s greatest league

BANGKOK (Reuters) – Beer, pies and Buddhist prayers helped endear Vichai Srivaddhanaprabha to Leicester City followers even earlier than the workforce owned by the Thai obligation free billionaire turned the Premier League’s impossible champions.

FILE PHOTO: Britain Soccer Football – Leicester City v Everton – Barclays Premier League – King Power Stadium – May 7, 2016 Leicester City chairman Vichai Srivaddhanaprabha and vice chairman Aiyawatt Srivaddhanaprabha with the trophy as they rejoice profitable the Barclays Premier League Action Images by way of Reuters/Andrew Boyers/File Photo EDITORIAL USE ONLY. No use with unauthorized audio, video, information, fixture lists, membership/league logos or “live” providers. Online in-match use restricted to 45 pictures, no video emulation. No use in betting, video games or single membership/league/participant publications. Please contact your account consultant for additional particulars.

He rose from obscurity as a printer and leather-based items dealer to turn into a polo-playing buddy of royalty after which the inconceivable hero of a metropolis in England’s Midlands. But he was hit by tragedy when his helicopter crashed in a fireball exterior Leicester’s stadium.

A supply near the membership stated he was amongst 5 folks on board.

Vichai, 60, confirmed a knack for profitable folks over with allure and largesse. He navigated Thai political turmoil and secured the King Power obligation free concession that gave him a fortune estimated at almost $5 billion (four billion kilos).

“I do what I love, so I put love into everything I do,” Vichai stated in 2016 as he was awarded an honorary diploma from the University of Leicester.

Weeks later, Leicester City gained the title within the world’s most precious soccer league led by Italian supervisor Claudio Ranieri.

The achievement was beautiful, on condition that the workforce had began the season with odds of 5,000 to 1 – and much larger probabilities of relegation.

More than different overseas Premier League homeowners, he cast a detailed private connection to the membership he had purchased in 2010 when Leicester had been in English soccer’s second tier Championship.

Vichai was a faithful Buddhist and flew orange-robed monks to Leicester for blessings and to offer non secular amulets to assist the workforce.

He used his fortune to safe higher gamers and to spice up wages for his workforce, giving them a platform to turn into champions. He additionally purchased beer and pastries to reward the loyalty of followers on the King Power stadium that was named for his company.

It was simply exterior the stadium that Vichai crashed within the helicopter he used to take off from the pitch and fly again to London after video games. Four different folks had been on board.

A descendant of Chinese immigrants, Vichai based what turned the King Power empire in 1989 with a retailer in Bangkok promoting obligation free items and souvenirs.

His down-to-earth strategy and prepared smile helped win over the precise allies on the proper time. He secured a close to monopoly on obligation free items as tourism in Thailand boomed.

The newest Forbes record names him as Thailand’s fifth richest man. In April, Vichai purchased Bangkok’s tallest constructing for $423 million, renaming it King Power Mahanakorn.

King Power actually took off in 2006, when it was granted the monopoly on the new Suvarnabhumi Airport underneath the government of then Prime Minister Thaksin Shinawatra, a former telecoms tycoon and Manchester City proprietor.

Although populist chief Thaksin was overthrown quickly after by strongly royalist officers, it didn’t cease Vichai’s ascendancy.


By that point, Vichai had additionally introduced himself nearer to the royal household: King Power’s title was in honour of late King Bhumibol Adulyadej.

To commemorate the late King Bhumibol’s 60 years on the throne in 2006, King Power bought 1 million yellow silicone wristbands imprinted with “We Love the King” and “Long Live the King,” donating over $three million to the revered monarch.

They turned a nationwide sensation.

Born Vichai Raksriaksorn, he was bestowed the final title Srivaddhanaprabha by the king as an honour to his household in 2012. The title means “glowing light of prosperity”.

The wedding ceremony of Vichai’s daughter Voramas Srivaddhanaprabha in 2017 was attended by present King Maha Vajiralongkorn’s daughter in addition to generals of the junta that seized energy in 2014.

Vichai didn’t solely courtroom the friendship of Thai royalty.

His different massive sporting ardour was polo and that introduced him near British royals. Pictures present him assembly Queen Elizabeth at a event and laughing with heirs to the throne Prince Charles and Prince William.

Vichai launched his son Aiyawatt to these circles.

Aiyawatt, nicknamed “Top”, was lately appointed King Power’s chief govt and serves as a vice chairman of Leicester City. His father had lengthy made clear he was grooming him to proceed the empire.

British media stated Aiyawatt had not been at Saturday’s match.

In Thailand there was disbelief at news of the crash, whereas in Leicester followers introduced flowers and blue and white scarves bearing the membership’s emblem of a fox to put on the stadium some 9,700 km (6,000 miles) from Vichai’s homeland.

“Ask any Leicester fan and they’ll tell you the same thing … We idolise Vichai,” wrote one Leicester fan on Twitter. “Believe us when we say he’s the best. He let us dream.”

Additional reporting by Panu Wongcha-um and Chayut Setboonsarng; Editing by Matthew Tostevin and Matthew Mpoke Bigg

Our Standards:The Thomson Reuters Trust Principles.

Tech News


Show More

Related Articles