Chainrai flying to UK ‘to help sort out Pompey’s future’

Balram Chainrai

Balram Chainrai

Ben Close. Picture: Joe Pepler

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FORMER Pompey owner Balram Chainrai says he’s flying to the UK this week to try to sort out the club’s future.

The Hong-Kong-based businessman, who owned the club with Israeli Levi Kushnir through a company called Portpin, are still owed £17m.

Mr Chainrai told the South China Morning Post: ‘I’m still in a good position.

‘I still have a debenture over the club as security on the club’s full assets, so one way or another I’m going to get my money back.

‘But I don’t want to see the club liquidated. Anything I can do to help Portsmouth I will.’

He also claimed he and Mr Kushnir had covered the January salaries which went unpaid last week.

However, as of last Friday the salaries had yet to be paid, with the club’s bank account frozen as a result of the winding-up petition due to be heard at the High Court on February 20.

‘Not many people would do this, but we wanted to help sustain the club through this difficult period,’ he said.

‘I’ve very happy memories of Portsmouth FC and don’t want to see it go under.’

The adminsitrator for Pompey’s former parent company, CSI, Andrew Andronikou, told The News on Saturday he was still seeking a validation order to unfreeze the account.

Mr Chainrai added: ‘I travel to the UK [in the next few days] and I’ll do whatever I can do to help them. I’ll get a better idea of how things stand when I get there.’

Pompey’s plight was raised in the House of Commons last week by Portsmouth North MP Penny Mordaunt and Prime Minister David Cameron backed calls for HMRC and the club to negotiate to ensure the club survives.

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