Tuesday, 3 November 2009

Portsmouth FC Hong Kong Connection

Portsmouth FC is now the second English Premier League club to be financially linked to another Hong Kong businessman, after of course Birmingham City FC.

[Portsmouth FC colours]

Balram Chainrai, a Hong Kong-based businessman of Nepalese extraction, has loaned £15 million to the club, which ensures that all outstanding October wages will be paid to Portsmouth FC’s employees. This has also fueled speculation of a change in ownership of the football club.

Apparently, Chainrai went to KGV (i.e. Hong Kong's King George V School), and has a biomedical science background as well as a British passport. Naturally, the Premier League is seeking further information about Chainrai, although since he is not a director of the club and apparently does not control 30% or more of the club’s shares, Chainrai will not have to pass the Premier League’s fit and proper person test. What other "gems" will the media uncover?

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