Friday, February 5, 2010

EPL - Chainrai takes over Pompey

Portsmouth have been taken over by Balram Chainrai, after he exercised his right to buy 90% shareholding, but the Hong Kong businessman has no interest in running the club himself and is seeking for new owners.

The club will now apply to HMRC to adjourn next week's winding-up hearing to allow time for the club to be stabilised and find new owners.




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