Four Star Daydream: the Pompey Owner Saga Part 6.

So, Fantasy Football Owner is being played at Pompey yet again. Against a background of a HMRC winding up order for two months unpaid PAYE – a total of £1.6m – the familiar dance of chancers, secret consortia and mad millionaires continues. Yet no serious candidate has emerged. The transfer window advances towards slamming point and all our promising new manager, Mike Appleton, can do is manipulate a-one-in-one-out situation with our expensive but depleted eighteen man squad. The reason? The club is so weighted with debts owed to Balram Chainrai it would have to be sold way beyond its worth to get him out of our orbit. In November, under the usual Pompey circumstances involving allegations of fraud, money laundering, misappropriation, forgery and dodgy involvement with the Russian Mafia, I wrote of the difficulties into which the extradition case against owner Vladimir Antonov had left the club. Essentially the freezing of his assets had sent Pompey’s parent company, Convers Sports’ Initiatives, into administration. This step was forced on the company by Pompey’s previous owner, Hong Kong businessman Balram Chainrai, placing a charge on them. This was consequent on CSI’s failure to pay Chainrai the first instalment for the purchase of the club and their clear inability to do so without Antonov’s money – CSI being funded in its various activities by the private fortunes of its owners, largely Antonov...

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