Zingari Posted 31 January 2008 Posted 31 January 2008 http://www.timesonline.co.uk/tol/sport/foo...icle3279506.ece
Zingari Posted 31 January 2008 Author Posted 31 January 2008 Portsmouth have been put up for sale by Alexandre Gaydamak. The Franco-Russian owner has been looking for a buyer and would expect to receive in the region of £60 million for the Barclays Premier League club, a sizeable profit on what he paid when he acquired full control about 18 months ago. If a sale goes through, Portsmouth would be the first team to have been taken over in the initial wave of foreign investment in English football clubs to be resold at a profit. They are among the many potential takeover targets, including Tottenham Hotspur, Charlton Athletic and Fulham, who have been entertaining interest from investors in the past year. Derby County were sold to General Sports and Entertainment, an American company, last week and Dubai International Capital remains keen to take over Liverpool. Manchester United, Aston Villa and Chelsea are among clubs already in foreign ownership. Gaydamak’s reasons for a sale are unclear, but they could be related to the cost of building the club’s proposed new stadium. He has had interest from at least one investor, but no formal talks have taken place. Checks are being made on the club’s finances to ensure that everything is in order before any sale can progress. Portsmouth were at the centre of a criminal inquiry in October when City of London Police arrested Harry Redknapp, the manager, and Peter Storrie, the chief executive, as part of an investigation into alleged corruption in football. They denied any wrongdoing.
Lillehamring Posted 31 January 2008 Posted 31 January 2008 maybe we could use the money for the season ticket lottery...
Tommy G Posted 31 January 2008 Posted 31 January 2008 I'd like to confirm I'm out of the running. Same here
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