Leicester City’s financial future is “entirely secure”, chairman Aiyawatt ‘Top’ Srivaddhanaprabha has insisted in a message addressing the charges against the club.
City have been charged by the Premier League over an alleged breach of Profit and Sustainability rules and been placed under a transfer embargo by the EFL. The club responded strongly to both, announcing they would take out legal proceedings against both bodies.
In his programme notes ahead of Monday’s fixture against Norwich, Top has sought to assure supporters concerned by the charges by insisting King Power are still supporting City and that off-field matters do not impact on the financial security of the club. He also reiterated the club’s stance over the charges, that they are seeking to ensure they are “properly and proportionately determined.”
His message read: “Off the field, recent weeks have been challenging for everyone at the club and that includes our supporters, some of whom will be understandably concerned about the PSR charges that have been brought against us. First and foremost, while we navigate this regulatory matter, I want fans to be assured that the club’s financial position is entirely secure and that my personal support for Leicester City, and that of King Power, remains as strong as it has ever been.
“Thank you to everyone for the support you continue to put behind the team in this period as we seek to maintain focus on the pursuit of our primary goal this season. It has been, and continues to be, deeply appreciated.
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