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Hong Kong businessman Balram Chainrai by the end of this month. A High Court judge dismissed a claim by HM Revenue & Customs that it was unfair for 'football creditors' such as players and other clubs to have preferential treatment when it came to
Hong Kong businessman Balram Chainrai , who controls Portsmouth football club, has snapped up a 5pc stake in Rietumu Banka, the Latvian financial institution in which billionaire financier Dermot Desmond (right) has a 33pc stake.
Portsmouth 's administrators today responded to questions over their role by insisting they had no prior contact with the club's latest owners before their appointment. At the high court this week Her Majesty's Revenue and Customs, owed at least £15m
Andrew Andronikou, above, and the company of the Portsmouth owner, Balram Chainrai. Photograph: Sang Tan/AP Portsmouth need £7m to get through to the end of this month and £14m to survive until the end of April, the High Court heard today...Lawyers
Hong Kong businessman Balram Chainrai is in talks with four different consortia about a takeover but admits it is "unlikely" a deal will be done. With a winding-up order due in the High Court on Monday, the decision has been taken to go into