Leicester City pause plans for King Power Stadium expansion
Leicester’s Thai chairman Aiyawatt ‘Top’ Srivaddhanaprabha - who is also the chief executive of the King Power duty free network - has confirmed that while the club’s plans to develop the 42,000-capacity stadium are now on hold, the construction work will go ahead after a “brief pause”, using a £91mn loan provided by King Power.
“It was always clear that such a situation was likely to affect our plans in terms of our new training ground in Seagrave and the proposed development of the King Power Stadium site, but it represents no more than a brief pause”, Mr Srivaddhanaprabha wrote in Leicester City’s most recent matchday programme.
“Our resolve to deliver on those capital projects remains. The training ground is nearing completion and we intend to resume consultation on stadium expansion by the end of 2020.
“Our ambitions and long-term objectives have not changed. We cannot anticipate the world’s ongoing response to the pandemic or how society will emerge from it, but the club is a reference point for communities at home and abroad so we have to set an example and do what we feel is the right thing.