Pompey’s revolving door ownership continues to make a mockery of English football’s “fit and proper” test.
The new owner has bought out Pompey in order to recover his loans to the club and is looking to get new investors to take over by the beginning of next season. Otherwise he stands to lose £15m to £20m should the club go into administration.
If I was Balram Chainrai, I would approach some of the Indian moneybags like Vijay Mallya or Anil Ambani who have done exceedingly well in this financial downturn. India Inc is humming along very well and the EPL is a top brand sport in India. Well, if Pompey somehow escapes relegation. A huge if.