Leicester City converts further £8.5m funding into equity
Leicester City Football Club has converted a further £8.5m of funding from parent company King Power International into equity as the club continues efforts to strengthen its finances.
The new shares have been allotted to King Power International and were filed with Companies House this week.
The transaction converts funding recently provided to the club into equity, removing the associated debt from its balance sheet and providing additional support for its ongoing operations.
The move comes after Leicester reported a £71.... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
