New investment on the horizon?

Thai PBS News are reporting that Bangkok Thonburi University President Chanchai Chairungrueng is hoping to buy a multi-million baht stake in Thai Port FC. Negotiations are expected to last about two weeks, with an initial investment figure of 20,000,000 baht mentioned in the report.

Given the increasing influence of politicians in Thai football, you won't be surprised to learn that Chanchai has political connections. He's the former party leader of the Puea Phandin Party, and he also took on the role of Industry Minister during Abhisit Vejjajiva's tenure as Prime Minister.