Leicester City appoint Chinese businessman to board of directors
Leicester City have confirmed the appointment of Liu Shillai to its board of directors.
The 40-year-old Chinese entrepreneur and businessman Mr Liu will take up the position of vice-chairman alongside Aiyawatt Raksriaksorn, son of chairman Vichai Raksriaksorn.
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Liu Shillai
Mr Liu’s appointment to the board of directors has been fully ratified by the Football League and he will take up his position from December 1.
There will be no change to the ownership structure of the club, which remains wholly owned by King Power International.
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“Mr Liu’s extensive experience and knowledge will be of great value to the club, along with a great sense of sportsmanship,” said a club spokesman.
“His appointment reflects the vision of Leicester City chairman Vichai Raksriaksorn to strengthen the club’s highly-valued domestic fan-base with an international following, recognising China as the largest potential fan-base in Asia.
Vichai Raksriaksorn said: “I am delighted that Mr Shillai has accepted our invitation to join the Leicester City board of directors.”
Mr Liu said: “I am extremely proud to be joining an ambitious, progressive club with the heritage and tradition of Leicester City and it is my intention to play a role in the club’s further development and growth.”




Comments
by yorkiefox
Sunday, November 18 2012, 6:42PM
“Our old ostrich-like mentality about football club ownership has saddled clubs with old fashioned, "I have made my money and now I am going to make people jump to my demands" type of Chairmen.
We have the advantage of a breath of fresh air running through our ownership. I regret to say but traditional British, American and European business ownership is going to struggle in Soccer circles in the future as the cash funds dry up.
American ownership is not all it is cracked up to be as you watch the machinations at Man Utd and Liverpool. Middle East money is "nouvo riche" money and naivity in ownership- look at what is happening at Man City and Arsenal.
The Far East is where sound business principles are capable of making lots of money in a hard-working, progressive society which is quite happy to reward success and not castigate those prepared to invest for success or tax them out of existence.
Beckham is revered in the Far East. They are desperate for an English Premiership club to fall in love with as Beckham seems destined for Australia.
We have Thai ownership and a new Vice Chairman from China. Parts of the World where success breeds success particularly where they can recognise the powers behind the throne. An ownership which is prepared to learn what to do in a "foreign" league and invest in the future of the club which with their business knowledge in growth areas of the world can and will become as famous a brand as Coke and MacDonalds.
There is a huge business potential in a club with Far East connections, and opening the door to business in China is a master-stroke.
All credit to the Rasniaksorn family- I love the way they are shaping this club ready to launch this club in markets which are totally closed to the rest of the British and European leagues.
They are building the foundation blocks which one day will make LCFC the equivalent of the top European clubs of the last 20 years.
How anyone can question the current business model and development is beyond me. The jig-saw of development is simply falling into place piece by piece. What a future LCFC has, and whilst I have no liking for Milan Mandarich, I personally salute him for finding such an enlightened Ownership to take over from him”
by ghostof66pah
Friday, November 16 2012, 9:41PM
“Is it that English folk are much cleverer than the foreigners in knowing that you will never make money from a football club or is it that English folk have managed to bankrupt themselves to a point that all is lost in be lord of the Manor?
As a long standing supporter of Leicester City I am thankful that my club are still here and "seem" to have a chance of a bright future (I accept that it may take time) but being a staunch patriot, I cannot bemoan the fact that I can have no influence in the future of LCFC.
So onward in my purchase of lottery tickets..............
A dream keeps the defeats and downsides at bay......
Welcome to Liu, but please remember us who are very unlikely to visit China or Thailand so don't offer those discount on my season ticket - just increase my shop discount to 25%..”
by FoxFreak
Friday, November 16 2012, 5:30PM
“I agree with Dobranich. This is the start of a new chapter, not a one-off event.
Does anyone know anything about our new vice-chairman?
One club to forge links with China was Stockport County. Beware!!!!!!!!!!!!!!!!!”
by dobranich
Friday, November 16 2012, 3:28PM
“Mmmmmmmmm if this is true all well and good. My experience of business when someone is brought in on such a high level it normally means more than meets he eye.”
by yorkiefox
Friday, November 16 2012, 2:23PM
“What a superb appointment.
This offers possibilities of a huge commercial opening in a country which has a growing appetite for Soccer.
It also opens the opportunity for increased investment in the club when we need it.
I hope Liu Shillai enjoys his relationship with the Owners the club and the fans and yet again shows the long term committment of the Owners and their vision for this club in the Far East”
by dobranich
Friday, November 16 2012, 2:09PM
“maybe the Thais are starting to be ready to jump ship if Pearson fails to get the team promotion. Judging by the last 4 games itsgood thinking.”
by dougie777
Friday, November 16 2012, 12:40PM
“this could be good news for the club ,it may bring about more financial backing if needed
it can only get better
come on you blues”