World's Latest Sports Events

Olympics News, Football, Cricket, Free live cricket, Cricket live scores, Premier League football clubs, Gymnastics, Swimming, Athletics, Chelsea Football Club, Athletics, Sports, Beach Volleyball, Football Plays, Football Schedule, Car Racing, Cycling, kabadi, 2008 Beijing Olympics, Latest sports news

Sunday, December 7, 2008

Alexandre Gaydamak ready to sell Portsmouth

Portsmouth owner Alexandre Gaydamak has put the club up for sale.

The 32-year-old Franco-Russian businessman cited growing business commitments for his decision.

He told the Sunday Mirror: "I have come to realise over a period of time that I can no longer invest the time required to oversee the running of the club."

However, Gaydamak said he will not sell to anyone without a guarantee they will commit to funding a new stadium and training ground for the club.

Gaydamak became co-owner of Portsmouth, alongside then-chairman Milan Mandaric, in January 2006.

He bought out Mandaric at a cost of about £32m to solely take the helm at Fratton Park in July that same year, and set out his strategy to find a new stadium and training facilities for the club.

Gaydamak insists he will now seek assurances that any potential buyer will ensure those ambitions become reality.

He said: "As regards the new stadium and training ground it is sensible to re-evaluate things in the current market, but I stress that it is imperative that they go ahead.

"And until I find a buyer who will give me cast iron assurances that this will be the case, I will remain at the club.

"I have already rejected two offers for the club because I didn't feel the buyers' motives were in the best interests of the club's long-term future.

"Making money from the sale of the club does not interest me. Finding the right buyer is far more important."

Labels: , , , , , , , , , , , , ,


Post a Comment

Subscribe to Post Comments [Atom]

Links to this post:

Create a Link

<< Home