Sunday, December 7, 2008

Gaydamak ready to sell Portsmouth

Portsmouth owner Alexandre Gaydamak
Gaydamak became sole owner of Portsmouth in July 2006

Portsmouth owner Alexandre Gaydamak has put the club up for sale.

The 32-year-old Franco-Russian businessman cited growing business commitments for his decision.

He told the Sunday Mirror: "I have come to realise over a period of time that I can no longer invest the time required to oversee the running of the club."

However, Gaydamak said he will not sell to anyone without a guarantee they will commit to funding a new stadium and training ground for the club.

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