Source: SKY_Sports
Pompey receive cash injection
// A bit of a hack but it works// The article snippet is wrapped onto a second line, even when #article-sub is emptyif( $("div#article-sub").children().length == 0 ) {$("div#article-sub").remove();} Portsmouth have received a £15million 'loan' from Hong Kong-based businessman Balram Chainrai.[LNB] Pompey's financial troubles have been well documented of late, with the South Coast outfit having endured a difficult summer.[LNB]Ownership of the club has changed hands twice since Alexandre Gaydamak's departure in August, while the Premier League have placed a transfer embargo on Paul Hart's side until debts owed to other clubs are met.[LNB]The Fratton Park playing staff have also seen wage payments delayed over recent months as the cash crisis deepened.[LNB]The arrival of Ali Al-Faraj was intended to help re-establish some stability, but rumours persist regarding the uncomfortable situation.[LNB]There had been speculation that the investment from Chainrai was set to see him become the latest man to take charge at Pompey, but Al-Faraj's lawyer Mark Jacob insists that is not the case.[LNB]Borrowed"It's a facility provided by a third party, that's all," he said.[LNB]"Like you or I would go to the bank and borrow money on our property or whatever."[LNB]It is not clear what the loan has been borrowed against, but Jacob insists the tide is beginning to turn at Portsmouth.[LNB]"We're gradually sorting things out," he said.[LNB]"We're working around the clock to do so. But it's not going to happen overnight - we've been in charge (only) four weeks." [LNB]
