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Submitted by BjornarO 575d ago | news

Troubled Portsmouth finally sold to Chainrai

Troubled Championship club Portsmouth can finally look forward to a brighter future after being sold to Hong Kong-based businessman Balram Chainrai on Sunday.

Just two days after Portsmouth were forced to release a statement warning that the club was on the brink of going into liquidation, Chainrai and his partners Levi Kushnir and Deepak Chainrai were able to rubber-stamp their protracted takeover.

It briefly seemed that the club's match at Hull on Saturday might be their last after former owner Alexandre Gaydamak refused to sign a deal to sell the club. (English Championship, Industry, Portsmouth)

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