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The King Power Stadium is a football stadium located in Leicester, England. It is the home ground of Leicester City, who currently compete in the Premier League. The all-seater stadium, inaugurated in July 2002, has a capacity of 32,262 and is the 19th largest stadium by capacity in England. The stadium is named after King Power, a company owned by club owner Vichai Raksriaksorn.HistoryBackground and constructionLeicester's previous stadium was at nearby Filbert Street, which had been their home since 1891. It was gradually upgraded during the 20th century and with the advent of the Taylor Report in January 1990 requiring all clubs in the top two divisions to have all-seater stadiums by August 1994, Leicester City's directors began to investigate the possibility of building a new stadium during the early 1990s, but initially decided to take the redevelopment option by building a new stand on one side of Filbert Street and fitting seats into the remaining standing areas, giving the stadium a 21,500 all-seated capacity by the 1994–95 season.Filbert Street's conversion to an all-seater stadium coincided with their promotion to the Premier League after a seven-year exile from the top flight, and with their relegation after just one season it appeared that the 21,500 capacity would be adequate.However, success in the late 1990s saw crowds rise, which meant that virtually every game at Filbert Street was a sell-out by the end of the decade. Relocation was soon back on the cards; several similar sized clubs had relocated to new stadiums around this time, including Leicester's midland rivals Stoke City and Derby County.