{"id":6210,"date":"2021-06-08T10:06:34","date_gmt":"2021-06-08T09:06:34","guid":{"rendered":"https:\/\/www.twentyfirstgroup.com\/?p=6210"},"modified":"2022-11-21T14:05:00","modified_gmt":"2022-11-21T14:05:00","slug":"king-power-showing-that-foreign-ownership-can-work","status":"publish","type":"post","link":"https:\/\/www.twentyfirstgroup.com\/king-power-showing-that-foreign-ownership-can-work\/","title":{"rendered":"King Power showing that foreign ownership can work"},"content":{"rendered":"<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding first  avia-builder-el-0  el_before_av_three_fifth  avia-builder-el-first  \" style='border-radius:0px; '><\/div>\n<div class=\"flex_column av_three_fifth  flex_column_div av-zero-column-padding   avia-builder-el-1  el_after_av_one_fifth  el_before_av_one_fifth  \" style='border-radius:0px; '><div  style='padding-bottom:10px; ' class='av-special-heading av-special-heading-h2  blockquote modern-quote  avia-builder-el-2  avia-builder-el-no-sibling  thought-leadership-heading '><div class ='av-subheading av-subheading_above  ' style='font-size:15px;'><p>Thought Leadership<\/p>\n<\/div><h2 class='av-special-heading-tag '  itemprop=\"headline\"  >King Power showing<br \/>\nthat foreign ownership can work<\/h2><div class='special-heading-border'><div class='special-heading-inner-border' ><\/div><\/div><\/div><\/div>\n<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding   avia-builder-el-3  el_after_av_three_fifth  el_before_av_one_fifth  \" style='border-radius:0px; '><\/div>\n<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding first  avia-builder-el-4  el_after_av_one_fifth  el_before_av_three_fifth  column-top-margin\" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  av_inherit_color '  style='color:#80808a; '  itemprop=\"text\" ><h4><span class=\"span-reading-time rt-reading-time\"><span class=\"rt-label rt-prefix\"><\/span> <span class=\"rt-time\"> 7<\/span> <span class=\"rt-label rt-postfix\">MIN READ<\/span><\/span><\/h4>\n<\/div><\/section><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock thought-leadership-author '   itemprop=\"text\" ><h3><strong>By Ben Marlow<\/strong><\/h3>\n<hr \/>\n<h3>May 18, 2021<\/h3>\n<\/div><\/section><br \/>\n<div  style='height:5px' class='hr hr-invisible   avia-builder-el-7  el_after_av_textblock  avia-builder-el-last '><span class='hr-inner ' ><span class='hr-inner-style'><\/span><\/span><\/div><\/p><\/div>\n<div class=\"flex_column av_three_fifth  flex_column_div av-zero-column-padding   avia-builder-el-8  el_after_av_one_fifth  el_before_av_one_fifth  column-top-margin\" style='border-radius:0px; '><p><div  class='avia-image-container  av-styling-    avia-builder-el-9  el_before_av_hr  avia-builder-el-first  avia-align-center '  itemprop=\"image\" itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/ImageObject\"  ><div class='avia-image-container-inner'><div class='avia-image-overlay-wrap'><img decoding=\"async\" class='wp-image-7732 avia-img-lazy-loading-not-7732 avia_image' src=\"https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-1030x687.jpg\" alt='' title='FBL-ENG-FA CUP-CHELSEA-LEICESTER' height=\"687\" width=\"1030\"  itemprop=\"thumbnailUrl\" srcset=\"https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-1030x687.jpg 1030w, https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-300x200.jpg 300w, https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-768x512.jpg 768w, https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-1536x1024.jpg 1536w, https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-2048x1365.jpg 2048w, https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-1500x1000.jpg 1500w, https:\/\/www.twentyfirstgroup.com\/wp-content\/uploads\/2021\/06\/GettyImages-1232909402-1-705x470.jpg 705w\" sizes=\"(max-width: 1030px) 100vw, 1030px\" \/><\/div><\/div><\/div><br \/>\n<div  style='height:5px' class='hr hr-invisible   avia-builder-el-10  el_after_av_image  avia-builder-el-last '><span class='hr-inner ' ><span class='hr-inner-style'><\/span><\/span><\/div><\/p><\/div><div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding   avia-builder-el-11  el_after_av_three_fifth  el_before_av_one_fifth  column-top-margin\" style='border-radius:0px; '><\/div><\/p>\n<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding first  avia-builder-el-12  el_after_av_one_fifth  el_before_av_three_fifth  column-top-margin\" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock thought-leadership-share '   itemprop=\"text\" ><h3>Thought Leadership<\/h3>\n<p>Inspired by what you&#8217;re reading? Why not subscribe for regular insights delivered straight to your inbox.<\/p>\n<\/div><\/section><br \/>\n<div  class='avia-button-wrap avia-button-left  avia-builder-el-14  el_after_av_textblock  el_before_av_textblock ' ><a href='https:\/\/www.twentyfirstgroup.com\/contact\/news-signup\/'  class='avia-button  avia-color-theme-color   avia-icon_select-no avia-size-small avia-position-left '   ><span class='avia_iconbox_title' >Subscribe<\/span><\/a><\/div><br \/>\n<section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><hr \/>\n<h3><\/h3>\n<\/div><\/section><br \/>\n<div  class='av-social-sharing-box  avia-builder-el-16  el_after_av_textblock  avia-builder-el-last  '><div class='av-share-box'><h5 class='av-share-link-description av-no-toc '>Share this story<\/h5><ul class='av-share-box-list noLightbox'><li class='av-share-link av-social-link-facebook' ><a target=\"_blank\" aria-label=\"Share on Facebook\" href='https:\/\/www.facebook.com\/sharer.php?u=https:\/\/www.twentyfirstgroup.com\/king-power-showing-that-foreign-ownership-can-work\/&#038;t=King%20Power%20showing%20that%20foreign%20ownership%20can%20work' aria-hidden='false' data-av_icon='\ue8f3' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on Facebook' rel=\"noopener\"><span class='avia_hidden_link_text'>Share on Facebook<\/span><\/a><\/li><li class='av-share-link av-social-link-twitter' ><a target=\"_blank\" aria-label=\"Share on Twitter\" href='https:\/\/twitter.com\/share?text=King%20Power%20showing%20that%20foreign%20ownership%20can%20work&#038;url=https:\/\/www.twentyfirstgroup.com\/?p=6210' aria-hidden='false' data-av_icon='\ue8f1' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on Twitter' rel=\"noopener\"><span class='avia_hidden_link_text'>Share on Twitter<\/span><\/a><\/li><li class='av-share-link av-social-link-linkedin' ><a target=\"_blank\" aria-label=\"Share on LinkedIn\" href='https:\/\/linkedin.com\/shareArticle?mini=true&#038;title=King%20Power%20showing%20that%20foreign%20ownership%20can%20work&#038;url=https:\/\/www.twentyfirstgroup.com\/king-power-showing-that-foreign-ownership-can-work\/' aria-hidden='false' data-av_icon='\ue8fc' data-av_iconfont='entypo-fontello' title='' data-avia-related-tooltip='Share on LinkedIn' rel=\"noopener\"><span class='avia_hidden_link_text'>Share on LinkedIn<\/span><\/a><\/li><\/ul><\/div><\/div><\/p><\/div>\n<div class=\"flex_column av_three_fifth  flex_column_div av-zero-column-padding   avia-builder-el-17  el_after_av_one_fifth  el_before_av_one_fifth  column-top-margin\" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock thought-leadership-main-content '  style='font-size:20px; '  itemprop=\"text\" ><p><span style=\"font-weight: 400;\">Premier League club owners are not flavour of the month right now.\u00a0 In the wake of the founding and the subsequent collapse of <\/span><i><span style=\"font-weight: 400;\">The Super League<\/span><\/i><span style=\"font-weight: 400;\"> &#8211; the breakaway competition designed to guarantee access to European football to Europe\u2019s biggest clubs &#8211; owners have been cast as villains in a battle for football\u2019s soul.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Fan reaction to the competition\u2019s conception on Sunday 18th April was swift and severe, prompting the six clubs to formally withdraw within 48 hours.\u00a0 Fan anger continued, resulting in the postponement of Manchester United\u2019s home game to Liverpool on Sunday 3rd May as fans broke into Old Trafford to protest about their owners\u2019 stewardship of the club.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Meanwhile, 100 miles south of Manchester, Leicester City Football Club were applying to the City Council for planning permission for a statue to honour their late owner, Vichai Srivaddhanaprabha who died tragically in a helicopter accident at the club\u2019s ground in 2018.\u00a0 A covering letter submitted with the plans, stated that the statue \u201caims to both respect the legacy of Vichai Srivaddhanaprabha and enhance the overall experience for supporters visiting the King Power Stadium.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This is a fitting summary for the King Power project &#8211; a desire for a positive ownership legacy with fans at the centre. \u00a0 The reaction of the players in the wake of the club\u2019s dramatic FA Cup victory was a case in point.\u00a0 Kasper Schmeichel, the club goalkeeper and hero of the final having pulled off one of the competition\u2019s great saves, left his teammates to bring the club\u2019s Thai owner Aiyawatt \u2018Khun Top\u2019 Srivaddhanaprabha into the celebrations.\u00a0 Khun Top embraced the players before seeking out Brendan Rodgers, the Head Coach, to acknowledge the role he has played in the club\u2019s recent success.\u00a0 Against a backdrop of philosophical friction between fans and owners, the scenes at Wembley were a refreshing reminder that foreign ownership can work.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Success in football is ultimately measured in silverware.\u00a0 As competitive balance in Europe\u2019s leagues diminishes, the prizes are increasingly concentrated among those teams with the most money &#8211; our analysis at Twenty First Group shows that while it is possible to materially outperform your budget, there aren\u2019t many clubs that manage it on a consistent basis.\u00a0 Leicester are one.\u00a0 At the weekend, the club lifted the FA Cup for the first time in their history.\u00a0 In the Premier League era, Leicester are the only team outside of England\u2019s \u2018Big 6\u2019 (consisting of Manchester United, Manchester City, Liverpool, Arsenal, Chelsea and Tottenham) to have won both the FA Cup and the Premier League.\u00a0 Both historic triumphs have come since the Srivaddhanaprabha family took over the club.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Through a combination of capital investment, sensible financial management and clear-eyed football strategy the club are continuing to challenge the dominance of England\u2019s biggest, wealthiest clubs. Since the takeover in 2010, Leicester have progressed from being a Championship club to one of the finest teams in England &#8211; as it stands, they have around a 65% chance of finishing inside the top 4 and despite their financial disadvantage, over the last five seasons their finishing positions in the league have been 5th, 9th, 9th, 12th and 1st.\u00a0 But how have they done it?<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Transfer strategy has been one notable success.\u00a0 Over the last five years, the club has a net transfer spend of a little over \u00a320m per season\u00a0 &#8211; around half the Premier League average and around one third of the \u2018Big Six\u2019 average &#8211; while maintaining their levels of performance.\u00a0 The \u00a375m sale of Harry Maguire was followed by the \u00a318m purchase of Calgar S\u00f6y\u00fcnc\u00fc from Freiburg in the German Bundesliga.\u00a0 The \u00a345m sale of Ben Chilwell to Chelsea was followed by the \u00a321m purchase of Timothy Castagne from Atalanta in the Italian Serie A. The \u00a360m sale of Riyad Mahrez to Manchester City was followed by the purchase of James Maddison for \u00a320m from Norwich City in the English Championship.\u00a0 The \u00a330m sale of N&#8217;golo Kante to Chelsea was followed by the purchase of Wilfred Ndidi for \u00a315m from Genk in the Belgian Pro League.\u00a0 From these transfers alone Leicester made around a profit of over \u00a3130m while generally managing to maintain their performance levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Outside of recruitment, the club has also tended to choose their managers wisely, with an average manager tenure of just under two years compared to a Premier League average of around 1.5 years.\u00a0 In addition, the club has invested in a world-leading training facility suggesting that the ownership are investing for the long term.\u00a0 The scenes at Wembley speak of a club in sync from the boardroom to the pitch, and are a shining example of how effective ownership can deliver positive outcomes where it matters.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to delivering success on the pitch, the owners have also recognised the wider role that football clubs play in their community.\u00a0 The owners have taken this responsibility seriously which has gone some way to building bonds that run deep.\u00a0 The club has provided material financial assistance to various community causes, including \u00a31m to a city University hospital, \u00a31m to the LCFC Foxes Foundation and a further \u00a32m to a local children&#8217;s hospital.\u00a0 As Club CEO Susan Whelan explained in 2016 \u201cIt&#8217;s very important for every fortunate thing that happens to you in your life, you must give back.\u00a0 That&#8217;s really integral to everything we do.\u00a0 This is through the Srivaddhanaprabha family, this is King Power, this is Leicester City Football Club saying thank you to the city of Leicester\u201d.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And it\u2019s not all high-minded philanthropy &#8211; there is a sense of fun that also pervades.\u00a0 In celebration of his 60th birthday, Khun Vichai offered free Singa beer &#8211; Thailand\u2019s native drop &#8211; to every home fan attending their game against Newcastle United, and renewed 60 season tickets, chosen at random, at half time for free &#8211; a gesture that significantly softened the blow of the 2-1 defeat.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">&#8220;The family are very, very popular with the people of Leicester.\u00a0 They are loved by the Leicester public for what they have done to the football club and for what they have done for the city.\u00a0 They have put the city on the map worldwide,\u201d said Leicester City Supporters Club Chairman Cliff Ginetta. \u201cThey&#8217;ve put millions of pounds into the club and lots and lots of money into local hospitals, children&#8217;s care. At Christmas time, it&#8217;s free mince pies and a drink \u2014 and that&#8217;s the way they are.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the number of bad examples, fans are right to be cautious about the intentions and competence of new owners.\u00a0 But the Srivaddhanaprabha family is a beacon of hope at a time when many foreign owners are being tarnished with The Super League brush.\u00a0 Prior to the FA Cup final, Schemichal summed up the effect that Khun Vichai and Khun Top have had on the club.\u00a0 \u201cIt just goes to show \u2026 how good foreign ownership can be.\u00a0 The journey from when the family came in and bought this club is testament to that.\u00a0 They have shown commitment right from the start and all the way through to today where we stand in a FA Cup final and [with] a training facility that is probably the best in England, if not the world.\u00a0 They keep investing in the club, they keep building that bond with the fans. It\u2019s very well documented how good a relationship we have with the family.\u00a0 We don\u2019t want to disappoint them, we want to make them proud\u201d.\u00a0 Watching him usher Khun Top into the celebrations following the club\u2019s triumph in the FA Cup final, it is hard to disagree.<\/span><\/p>\n<\/div><\/section><\/div>\n<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding   avia-builder-el-19  el_after_av_three_fifth  el_before_av_one_fifth  column-top-margin\" style='border-radius:0px; '><\/div>\n<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding first  avia-builder-el-20  el_after_av_one_fifth  el_before_av_three_fifth  column-top-margin\" style='border-radius:0px; '><\/div>\n<div class=\"flex_column av_three_fifth  flex_column_div av-zero-column-padding   avia-builder-el-21  el_after_av_one_fifth  el_before_av_one_fifth  column-top-margin\" style='border-radius:0px; '><section class=\"av_textblock_section \"  itemscope=\"itemscope\" itemtype=\"https:\/\/schema.org\/BlogPosting\" itemprop=\"blogPost\" ><div class='avia_textblock  '   itemprop=\"text\" ><p><em>This article was originally posted in the <a href=\"https:\/\/www.scmp.com\/week-asia\/opinion\/article\/3133913\/how-leicester-city-and-thailands-king-power-showed-english\">South China Morning Post<\/a>.<\/em><\/p>\n<\/div><\/section><\/div>\n<div class=\"flex_column av_one_fifth  flex_column_div av-zero-column-padding   avia-builder-el-23  el_after_av_three_fifth  el_before_av_codeblock  column-top-margin\" style='border-radius:0px; '><\/div>\n\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":16,"featured_media":7732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"inline_featured_image":false,"footnotes":""},"categories":[54,33],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - 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