Former owners Balu and Deepak Chainrai and Levi Kushnir today said they had rescued Pompey from ‘the worst of times’ and were confident that the club had a bright future.
In a statement they said: ‘We are delighted to hand over Portsmouth Football Club to Convers Sports Group headed by Vladimir Antonov, Roman Dubov and Chris Akers. We believe that Convers Sports Group will lead Portsmouth Football Club into a bright future.
‘As we committed to do, we have taken this club during the worst times and brought it to safe grounds from near extinction. The club was going through a very difficult period and now is being handed over to a strong, able and willing group.
‘We would like to thank Steve Cotterill, the manager and his team, David Lampitt, the chief executive, and his management team and all of the club’s staff for the hard work and sleepless nights in bringing the club to where it is now.
‘We would also like to thank all the club’s supporters including its commercial partners – without their incredible support we would not have reached this point.
‘We wish the club and its new owners the best of luck and great success on and off the pitch.
Play up Pompey! ‘