Portsmouth. Al-Faraj: Urban Spaceman Or Hidden Osmond Brother?

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8 Responses

  1. Glenn says:

    As a Portsmouth fan I have followed this whole saga very closely (as it appears have you). I get the feeling there is a lot more to all of this known than is being said, various indications from BBC journos seems to be that they know more but their lawyers wont let them print it.

    I get the horrible feeling Mr Andronikou will not do much of an investigation into all of this as we would like. Such a sad state of affairs and it is completely laughable that it was not only allowed to happen but some how the club has survived (for now). I am glad and I love my club, but I am sure had this been any other business we would have gone under.

  2. SJ Maskell says:

    Here we go again Mark.

    Won’t lie down will it?

    Bear in mind the al Faraj conversation was telephoned – so anyone could have been on the line. And this bit proved to be statlingly true:

    “purchasing the club purely as an investment… it’s not a secret to hide, we are investors and we have no relation to sports”

    Now who would have known that eh?

    Some mischief afoot no doubt. Those little jokers!!

    However, there will be more to come. Time someone had a little look at the actual directors of the club last season for a start.

  3. Andy says:

    I’m pretty sure this whole fiasco isn’t actually over, and won’t be until Chainrai and co finally allow someone who has no links to any of them to take over and give us a clean break from the former regimes and their dubious links to each other.

    I’m looking forward to seeing what the liquidators find when they investigate the PCFC company – and remember, they have to investigate it, it’s one of the stipulations of the CVA. Anyone tries to block it, and they’ll be subject to legal action.

  4. Ian says:

    Would the Chainrais really be so gullible as to hand over ₤17 million to a man who doesn’t exist? The loan allegedly passed through their Portpin Company in the British Virgin Islands, and was verified by convicted fraudster Daniel Azougy and Mark Jacob, who claimed to be receiving his orders from Ali Al-Faraj.

    Try Googling Portpin, this big company that handles millions.

  5. SJ Maskell says:

    Falcondrone existed.

    That is who Chainrai’s Portpin made the loan to.

    Who the beneficial owners of Falcondrone were is unknown. The Premier League did not find out as far as I am aware.

    The layered list of companies owning Portsmouth now is hardly transparent either. This from the official PFC site:-

    “Ownership

    “PFC Realisations Ltd is the company that holds the share in The Football League. It is also a member of the Hampshire County Football Association and an Associate Member of the Football Association.

    “PFC Realisations is 100 per cent owned by Sports Holdings (Asia) Ltd, which in turn is owned by Horizon Eclipse Inc. Both companies are incorporated in the British Virgin Islands.

    “Horizon Eclipse Inc is 44.5 per cent owned by Balram Chainrai, 44.5 per cent owned by Levi Kushnir and 10 per cent owned by Deepak Chainrai.”

    Is it possible to have shares in a company that is held by another company that you do not own I wonder? i.e. who has an interest in Sports Holdings (Asia)Ltd. Do you think the Football League know the answer to that? I hope so. I did hear David Lampitt was on the board of one of the BVI companies. Interesting.

  6. Wurzel says:

    There is a thread about the Pompey takeover on a Southampton forum that has been running for well over a year now, is in excess of 35000 posts and almost 1.5 million views so it’s going to take more than a cup of tea if you want to plough through it.
    http://www.saintsweb.co.uk/showthread.php?14620-Pompey-Takeover-Saga

    A lot of it is inter-rivalry banter, a lot of it is repetition, but amongst it are some very serious findings (most of which were posted well before any mention of them found their way into – or at any rate appeared in – the press). There has also been much digging by the more open minded Pompey fans arriving at similar conclusions.
    It does beggar the question, if mere fans can turn up so much “eveidence” as to what has been going on, why have the authorities (football and legal) and the press been so quiet on the matter?

  1. March 31, 2011

    […] we can identify with this of course, having been famously owned by a man that many are convinced doesn’t actually exist. Hell, even Peter Storrie, the CEO who enthusiastically ushered the Falcondrone consortium into the […]

  2. March 12, 2012

    […] not taken action of various owners owning Portsmouth as if it were a plaything, with even one owner not existing! Rules have to be put in place if the League is going to continue to […]

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