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From the Daily Telegraph City Section

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

  1. 3rd eye

    3rd eye Well-Known Member

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    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?
     
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  2. pompeymeowth

    pompeymeowth Prepare for trouble x
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    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.
     
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  3. 3rd eye

    3rd eye Well-Known Member

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    I thought weird name as well, but he really does exist and he did go to Portsmouth Uni.
     
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  4. PompeyLapras

    PompeyLapras Well-Known Member

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    Great name.

    If this is correct, than Chainrai's even more of a cock than previously thought, methinks.
     
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  5. 3rd eye

    3rd eye Well-Known Member

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    Just one thing though - Chanrai doesn't own the club so it isn't his to sell, negotiations would have been with Trevor Birch.
     
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  6. pompey_dan

    pompey_dan Member

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    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!
     
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  7. 3rd eye

    3rd eye Well-Known Member

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    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>
     
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  8. Piebacca

    Piebacca Well-Known Member

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    I happen to know this guy. More accurately, I'm acquainted with him through his brother Bob.
     
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  9. 3rd eye

    3rd eye Well-Known Member

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    Otherwise known as Rob? <laugh>
     
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  10. Pompey_London

    Pompey_London Well-Known Member

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    Apparently the bidder walked away as Balu demanded £18 million for the stadium, upfront.

    However, the stadium was valued at £5-6 million <doh>
     
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