1. Log in now to remove adverts - no adverts at all to registered members!

From the Daily Telegraph City Section

Discussion in 'Portsmouth' started by 3rd eye, May 22, 2012.

  1. 3rd eye

    3rd eye Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,603
    Likes Received:
    695
    City Diary: Secret bidder walks away from Portsmouth deal
    British financier, Brett De Bank, was set on putting the pomp back in Pompey. But his bid for Portsmouth FC was blocked by major creditor Balram Chainrai.

    http://www.telegraph.co.uk/finance/...t-bidder-walks-away-from-Portsmouth-deal.html

    Trevor Birch has said all along that he would be the one to sell the club - as he is in-de-facto the owner of PFC - so this story doesn't actually ring true at all.

    What do you think?
     
    #1
    3rd eye, May 22, 2012
  2. pompeymeowth

    pompeymeowth Prepare for trouble x
    Staff Member

    Joined:
    Jan 25, 2011
    Messages:
    25,770
    Likes Received:
    15,663
    I thought you were messing about at first, Brett de Bank-Break the Bank. Is that his real name!?

    They all wee in the same pot, as far as I'm concerned.
     
    #2
    pompeymeowth, May 22, 2012
  3. 3rd eye

    3rd eye Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,603
    Likes Received:
    695
    I thought weird name as well, but he really does exist and he did go to Portsmouth Uni.
     
    #3
    3rd eye, May 22, 2012
  4. PompeyLapras

    PompeyLapras Well-Known Member

    Joined:
    Jun 29, 2011
    Messages:
    11,556
    Likes Received:
    2,030
    Great name.

    If this is correct, than Chainrai's even more of a cock than previously thought, methinks.
     
    #4
    PompeyLapras, May 22, 2012
  5. 3rd eye

    3rd eye Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,603
    Likes Received:
    695
    Just one thing though - Chanrai doesn't own the club so it isn't his to sell, negotiations would have been with Trevor Birch.
     
    #5
    3rd eye, May 22, 2012
  6. pompey_dan

    pompey_dan Member

    Joined:
    Feb 27, 2011
    Messages:
    236
    Likes Received:
    8
    the bid would form the cva and as BC is a major creditor he could just refuse the offer so the negotiations to make the cva work would have to go through him!
     
    #6
    pompey_dan, May 22, 2012
  7. 3rd eye

    3rd eye Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,603
    Likes Received:
    695
    Well it appears that there is some history here with De Bank formerly being linked with an attempt to purchase Coventry City. Whether it is true that the bid failed because he was behind with his car payments has yet to be proved <doh>
     
    #7
    3rd eye, May 22, 2012
  8. Piebacca

    Piebacca Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    7,739
    Likes Received:
    739
    I happen to know this guy. More accurately, I'm acquainted with him through his brother Bob.
     
    #8
    Piebacca, May 22, 2012
  9. 3rd eye

    3rd eye Well-Known Member

    Joined:
    Jan 25, 2011
    Messages:
    5,603
    Likes Received:
    695
    Otherwise known as Rob? <laugh>
     
    #9
    3rd eye, May 22, 2012
  10. Pompey_London

    Pompey_London Well-Known Member

    Joined:
    Jun 3, 2011
    Messages:
    1,162
    Likes Received:
    488
    Apparently the bidder walked away as Balu demanded £18 million for the stadium, upfront.

    However, the stadium was valued at £5-6 million <doh>
     
    #10
    Pompey_London, May 22, 2012

Share This Page