Thai buys Oxford United football club

LONDON: League One football side Oxford United have announced that Thai businessman Sumrith “Tiger” Thanakarnjanasuth is their new majority shareholder and chairman, becoming the latest foreign owner of an English football club.

Outgoing chairman Darryl Eales said his ambition had been to help the manager-less club, currently 15th in England’s third tier, achieve sustainable success.

“We have made signi-ficant progress on and off the pitch, and I believe a partner with similar ambition but greater resources will accelerate the prospect of achieving this objective,” he said.

“Tiger has the financial resources, high-level connections in football, including with the EFL (English Football League) and, critically, the passion and drive which can deliver on the club’s ambitions.”