Pompey have fourth owner

PORTSMOUTH have a fourth owner of the season after a takeover by Hong Kong businessman Balram Chainrai was confirmed today - and the club could have a fifth before the year is out.

PORTSMOUTH have a fourth owner of the season after a takeover by Hong Kong businessman Balram Chainrai was confirmed today - and the club could have a fifth before the year is out.

Chainrai's company Portpin have taken a controlling interest in the club from former owner Ali Al-Faraj after exercising a clause in their agreement over a �17million loan made to the Saudi.

However, Chainrai's aim is merely to stabilise the club before selling it on to new owners in order to recoup his investment.

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