Chainrai wants Pompey stability

Published Add your comment

Football News

New Portsmouth owner Balram Chainrai has promised to stabilise the club after concluding a takeover deal which has finally staved off the threat of closure.

Chainrai, together with fellow businessmen Levi Kushnir and Deepak Chainrai, on Sunday set the seal on a deal which has taken the club out of administration and seen a transfer embargo lifted.

"We are very pleased to have finally completed the sale process," he said. "We look forward to working with the senior executive team and the football manager, and to be part of the rebuilding process of this historic club."

He added: "We're not going to make any rash promises - first of all, we need to stabilise and Levi and I will be taking time to get a closer understanding of the business so that we can ensure the club is taken forward in the right way.

"Having supported the club through the administration process, we pray that the team will continue its fantastic recent winning run, and we send our thanks and best wishes to [manager] Steve Cotterill and his players for the outstanding way they have performed despite the uncertain circumstances off the pitch.''

After a dismal start to the campaign, Pompey have made light of their off-field problems in recent weeks, having won five of their last six npower Championship games, and currently sit 13th in the table.

Pompey chief executive David Lampitt hailed Sunday's agreement as a "significant moment" in the history of the south-coast club.

He told the club's official website, "It is a huge relief to come out of administration because the future of the club has been in jeopardy for a long time.

"It is a significant moment for everyone involved in the club, and we are now in a position where we can move forward on a more stable financial footing.

"This has been an extremely tough journey and the legacy of past events at the club means we still have a long way to travel and a number of battles to fight. However, throughout these difficult times one thing has remained constant - the incredible support of our fans, whose loyalty and patience has been tested to the limit.''

Copyright (c) PA Sport 2009, All Rights Reserved.

Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE:


Article Comments

Read more

Report author of article

Please let us know if you believe this article is in violation of our editorial policy, please only report articles for one of the following reasons.

Report author


This article has been written by a member of the GiveMeSport Writing Academy and does not represent the views of or SportsNewMedia. The views and opinions expressed are solely that of the author credited at the top of this article. and SportsNewMedia do not take any responsibility for the content of its contributors.

Want more content like this?

Like our GiveMeSport Facebook Page and you will get this directly to you.

Already Subscribed to Facebook, don't ask me again

Follow GiveMeSport on Twitter and you will get this directly to you.

Already Following, don't ask me again

Like our GiveMeSport Page and you will get this directly to you.

Already Subscribed to G+, don't ask me again