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Balram Chainrai
Balram Chainrai is a Hong Kong based businessman (consumer electronics) and property developer who nominally owns English Championship club Portsmouth Football Club.[1]
Balram was born in Okhaldhunga district in eastern Nepal and migrated with his family to Hong Kong while his father was still serving in British Army.[2]
Chainrai has a Indian wife with whom he has 3 childrens, he is also a leading member of the South Asian society in Hong Kong and can speak Nepalese, Hindi andCantonese. [3]
[edit]Portsmouth FC
In 2010, Balram Chainrai loaned former owner Ali al-Faraj £17 million, secured through collateral on Fratton Park grounds and the club itself. When the owner failed to meet a scheduled loan repayment, Chainrai took over control of the club. While the press calls him the "owner" of the club, Chainrai has until recently rejected this label and still maintains that he is only protecting his security. He intends to sell the club as soon as possible.
[edit]References
- ^ "Crisis club Portsmouth have fourth owner of the season". BBC. 4 February 2010. Retrieved 4 February 2010.
- ^ "'Nepali' owns English football club". eKantipur. 5 February 2010. Retrieved 5 February 2010.
- ^ "I've got nothing to hide, says Chainrai". South China Morning Post. 7 March 2010. Retrieved 7 March 2010.