Pompey Sold After Deal Secures Club's Future
Portsmouth FC has been sold to a Hong Kong businessman after the club was rescued from the brink of collapse.
Pompey said in a statement that the club has been sold to Balram Chainrai by the administrators.
The sale came after former owner Sacha Gaydamak agreed to sign a deal with the club over cash owed to him.
Under the agreement, Portsmouth will pay Gaydamak £2.2m in instalments over the next five years.
Gaydamak said there had been unnecessary scaremongering over the future of the club...
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