[Portsmouth FC colours]
Balram Chainrai, a Hong Kong-based businessman of Nepalese extraction, has loaned £15 million to the club, which ensures that all outstanding October wages will be paid to Portsmouth FC’s employees. This has also fueled speculation of a change in ownership of the football club.
Apparently, Chainrai went to KGV (i.e. Hong Kong’s King George V School), and has a biomedical science background as well as a British passport. Naturally, the Premier League is seeking further information about Chainrai, although since he is not a director of the club and apparently does not control 30% or more of the club’s shares, Chainrai will not have to pass the Premier League’s fit and proper person test. What other “gems” will the media uncover?