Leicester City owners sued over accusations of owing £323m to the Thai government

Criminal proceedings could be launched against the owners of Leicester City after they were accused of failing to pay £323 million to the Thai government.

The Central Criminal Court for Corruption and Misconduct Cases in Bangkok was on Monday considering a 14 billion baht lawsuit brought against King Power International, which is owned by billionaire Vichai Srivaddhanaprabha.

The suit, which accuses the duty-free retailer of failing to pay that figure to the Thai government over the operation of the airport franchise it was granted in 2006, was filed in July.

Self-made businessman Vichai founded King Power in 1989 but it really took off when it was granted an airport monopoly under the government of then prime minister Thaksin Shinawatra, the former owner of Manchester City.

Worth an estimated £3.7 billion, Vichai bought Leicester, whose fairy-tale Premier League title win last year is widely regarded as one of the great sporting triumphs, in 2010.