The unusual club owner who understood the fans
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While on Saturday night the news of the crashed helicopter with the owner of Leicester City Vishay Srivaddhanaprabha, two pilots and still unidentified other passengers on board, the emotional reactions of the supporters portrayed how much the Thai tycoon was valued.
Flags, flowers and other signs of affection were out of the stadium, sponsored by his company, King Power, and were honored:to lead the club, his personal generosity and philanthropy in the city. Along with all of these qualities, of course, the admirers of the fans were also based on the incredible legendary march to the Premier League title in 2016, the result of constant financial investment;Vishay spent over ? 100m to help promote the elite of the Championship. This, combined with his humanity and community concern, made him distinguishable from other foreign investors who have gained extremely poor popularity after buying English clubs as a result advised by contacts with soccer win of Roman Abramovich`s pioneering move with Chelsea in 2003.
The regular presence of the Thai businessman on Lester`s matches distinguished him from many absent owners, and the frequent flyout of the helicopter from the King Power Stadium field became, emphatically, a tragic connotation. Many modern owners do not manage to be close to their clubs that were once owned and run by local businessmen driving their car from their home to the stadium a stone`s throw away.
Leicester City is representative of this football evolution from bona fide Victorian roots to foreign billion-dollar investments. Its founding in 1884 became a meeting in a garden shed behind a house on Fossi Boulevard. A meeting between Wigheston school youth who trained on biblical issues in the nearby Emmanuel chapel. Like most clubs, Lester Fossy could not keep this church-school character, as football has been popularized and moved to professionalism. Three years after being admitted to the relatively new Second Division of the Football League in 1894, the club fell into financial crisis and was saved by financial injection into the newly formed limited liability company.
The owners and directors of these new companies were mainly local businesspeople considered to be their guardians. Since the rules of the Football Association have forbidden the extraction of personal profits from the shares, the plus for them was the creation of a better reputation and stronger ties in the local community. This structure helped build heroes and legends across generations after the division of four divisions in the 1921 Football League.
Only after the Football League`s defeat after 104 years of existence for the establishment of Premier League in 1992 (from clubs from the old First Division and after the first huge bargain for TV rights with BSkyB), club owners began to seriously redeem their shares.
In Leicester, as well as many other locations, local owners have launched the stock exchange club, and in 1997 they have raised 10 million pounds.
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