WSC DAILY
February 2010
Fourth time lucky for Pompey | Fourth time lucky for Pompey |
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5 February ~ After their midweek defeat at Fulham and another takeover at the club, Portsmouth have now picked up as many League wins as they have had owners this season. Balram Chanrai, a Hong Kong-based businessman, took charge of the club this week in a move that, while only temporary, seems promising for the club. Chanrai took control from Ali al-Faraj on Wednesday after the supposed billionaire failed to pay back a £17 million loan made by Chanrai last October. The new owner has effectively taken the club over to save it from administration, provide some stability and then sell it on – saving his investment in the process. Resting on the logic that Chanrai must secure the club's future before he can sell, Colin Farmery, of the Pompey Supporters Trust, is hopeful: "Nobody would touch the club with a bargepole with the present lot in charge, but Mr Chainrai might be forced to get the club into a state where the finances are transparent and a proper deal can be done."
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