It was very disappointing at the time, but £2m was a good price for player past his best by then. Pleat’s response to criticism of the sale was ‘‘you’ve got to keep trading’’, and he was right.
Think he mentioned a loan against the Prem payment due in January, to keep the wolf from the door if needed, before a new owner takes over. So liquidation is definitely not on the agenda.
https://www.theguardian.com/football/2016/apr/11/leicester-city-finances-football-league-financial-fair-play-investigation
In the context of this thread, this old article may or may not provide a bit of background to our club’s alleged former links with Thai based interests.
It’s not a proposed bill, it’s now an Act of Parliament (Football Governance Act 2025).
https://www.legislation.gov.uk/ukpga/2025/21/enacted
Chansiri would probably already be history if the legislation had not been delayed by last year’s general election.