Portsmouth FC

• Nickname:
• Founded:1898
• Manager:Steve Cotterill

• Ground:
• Capacity:NaN

Storrie to remain at Pompey

04 Feb 2010 - 16:56:31

Click To Enlarge

Peter Storrie will remain as Portsmouth's chief executive after it was confirmed that the club have their fourth owner in the last six months.

Hong Kong businessman Balram Chainrai is the latest Pompey owner after his company, Portpin, took a controlling interest in the club.

A spokesman for the Premier League's bottom club said: "Portpin have exercised a clause in their contractual agreement to take a controlling interest.

"They are taking control on a temporary basis to allow new owners to be found.

"Portpin's aim is to come in and stabilise the club, sort out the business with the winding-up order from HMRC (Her Majesty's Revenue and Customs) and sell it on to new owners.

"New directors will be appointed to the board and Peter Storrie will remain as chief executive and will be running the club.

"Daniel Azougy will no longer be involved with the club."

Meanwhile, Chainrai told the Portsmouth Evening News: "Portpin has made substantial loans to Portsmouth to try and ensure the club's future. Portpin will continue to work for the best interests of the club."