Leicester City’s £194million debts to parent company King Power International have been written off.

Chairman Aiyawatt Srivaddhanaprabha, whose family have owned #LCFC since 2010, has converted the exiting debt into equity.

More from @RobTannerLCFC https://t.co/y9WDuT3tut
— The Athletic | Football (@TheAthleticFC) February 1, 2023