Leaders
Dallmeier

Business Directory

Browse the Directory

Sign Up to the Directory

FC Business Twitter
FC business Linked in
FC Business facebook
FC Business Youtube

Portsmouth Football Club taken over by CSI

Wed 1st Jun 2011 | Clubs Ownership

Portsmouth Football Club have announced the takeover of the club by Convers Sports Initiatives.

“Convers Sports Initiatives have completed the purchase of Portsmouth Football Club from Sports Holdings (Asia) Ltd,” read a statement on the club’s official website.

The news follows several months of negotiations with CSI owners Vladimir Antonov, Roman Dubov and Chris Akers, who have all passed The Football League’s fit and proper persons test.

Pompey chief executive David Lampitt said: “I am pleased to welcome the club’s new owners and very much look forward to working with them.

“It has been a complex process, which has been conducted very professionally throughout. I’m very pleased that it is now complete and we can start to put plans in place for the future.

“The rebuilding of the club is a long-term project and, in CSI, I believe we have found owners who will take the long-term view that is required.

“We are pleased to be looking ahead but may I also take this opportunity to thank Balu Chainrai, Levi Kushnir and Deepak Chainrai for their contribution in seeing the club through a very difficult period in its recent history.”

Antonov, a Russian banker and investor, founded London-based CSI with Dubov and Akers, a former chief executive at Leeds United.

Among CSI’s other sports properties are the Spyker Squadron motorsport team and North One Sport, a global promoter of major sporting events.

---------------------------------------------------------------------------------------------------

RETURN TO LATEST NEWS SECTION

SUBSCRIBE TO THE F.C. BUSINESS RSS FEED

 

If you have any football business related news stories you’d like to share then please contact us – agourley@fcbusiness.co.uk or ryan@fcbusiness.co.uk

Add to: Google Google | Yahoo Yahoo | Live Live | del.icio.us del.icio | Digg Digg |

Related Articles

Southampton Secures Chinese Investment Partners

Mon 14th Aug 2017 | Clubs Ownership

Southampton Football Club has announced the formal conclusion of talks which will see Chinese businessman Mr Jisheng Gao take a stake in the Premier League club. In a letter to fans issued on Monday...

Altrincham FC Seek New Investment

Thu 13th Jul 2017 | Clubs Ownership

At a recent Extraordinary General Meeting, the shareholders of Altrincham Football Club passed a series of motions which will now allow the club to bring in new investors. A new controlling share in...

Hartlepool United Announced Club Restructure

Wed 28th Jun 2017 | Clubs Ownership

Hartlepool United Chairman, Pam Duxbury has announced the first phase of the club’s restructure following relegation to the National League and subsequent resignation of Gary Coxall. Coxall...

Chinese company 5USport buy stake in Northampton Town

Mon 26th Jun 2017 | Clubs Ownership

Northampton Town Football Club have announced a new partnership with 5USport, a Sports Development and Education Company based in Guangzhou, China. As part of this partnership and following approval...