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Portsmouth Takeover Complete.

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Big news down here on the south coast! little of you may be interested but I think its worthy of a thread.

Convers Sports Initiatives plc, controlled by London-based Russian businessman Vladimir Antonov, has today completed the acquisition of the entire issued share capital of Portsmouth Football Club following approval by The Football League.

London-based businessmen Vladimir Antonov and Roman Dubov, Chairman and President respectively of Convers Sports Initiatives (CSI), together with their partner Chris Akers, the former CEO of Leeds United and Sports Internet Group, have bought the Fratton Park club for an undisclosed sum from Hong Kong businessman Balu Chainrai, his brother Deepak and Levi Kushnir.

Mr Antonov, 35, Mr Dubov, 36, and Mr Akers, 46, manage the commercial development of a growing portfolio of sports teams, franchises and rights through CSI, including: the Russian Ferrari race team, the Spyker Squadron motorsports team and North One Sport, the global promoters of the World Rally Championship (WRC), the Isle of Man TT race series, the Velux 5 Oceans Race and Clipper Round the World sailing events.

In November 2010, CSI acquired a controlling interest in PowerPlay Golf the exciting new golf format which is now played in over 25 countries. In February 2011 CSI acquired North One Sport and in the same month purchased a majority stake in DBG Convers, a specialist in developing social new media solutions for sports and entertainment brands and personalities including world heavyweight boxer David Haye. In March 2011 CSI secured a 65% share of Executive Sport Limited, the parent company of the high profile "Leaders in Football" conference. In May 2011 CSI purchased a majority stake in Sports International Ltd, the holding company of popular online platform SPORTPOST.com.

more..
 
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Hopefully this sorts them out properly, Hope they can get back to ze promise land.
 
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Yeah, shame he is ANOTHER Russian owner..
 
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Was only a matter of time before some-one did that.
 
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Nice, I like Portsmouth and I hope they do well next season. Shame Max isn't here anymore, though.
 
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Although i live in Pompey i have a love hate relationship with them mainly because of my mates. Lets just see how this pans out as recent takeovers for Pompey havent gone too well.
 
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Finally, this has dragged on for ages. I have no idea how it took so long, seems like it was Chanrai that was holding things up.

I'm quietly optimistic but still wary. They have experience of sports teams, say they'll treat it like a business and apparently chose us from a list of PL, Championship and League 1 clubs.

Hopefully we can get our transfers go through now that have been on hold for a while and start building for next season. Cotterill knows who he wants but wasn't able to act because of this, lets hope we now see some completed deals going through.
 
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Finally, this has dragged on for ages. I have no idea how it took so long, seems like it was Chanrai that was holding things up.

I'm quietly optimistic but still wary. They have experience of sports teams, say they'll treat it like a business and apparently chose us from a list of PL, Championship and League 1 clubs.

Hopefully we can get our transfers go through now that have been on hold for a while and start building for next season. Cotterill knows who he wants but wasn't able to act because of this, lets hope we now see some completed deals going through.
This is what scares me, there was a list of PL, Championship clubs etc. Yet he goes for Pompey? A club with, lets face it, an appalling ground, awful recent ownership and a squad that is diminishing rapidly, doesn't add up to me..
 
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This is what scares me, there was a list of PL, Championship clubs etc. Yet he goes for Pompey? A club with, lets face it, an appalling ground, awful recent ownership and a squad that is diminishing rapidly, doesn't add up to me..
Maybe it was best value for money. I mean, the fact that their ground isn't all that good, the squad sucks and the previous owner did **** all may have meant the club was available on the cheap, and it's a championship club that has been in the prem recently and with proper management could be back up in no time.
 
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Nice to see Portsmouth back on their feet, and hopefully their new owners can take them back to the PL. I'm sure Pompey fans would like to see Fratton Park expanded/done-up, but the main priority must be getting the club on a stable financial footing.

Good Luck with your new owners :)
 
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How confident are you that they aren't yet another set of chancers? Interesting that Murray wouldn't even take talks about them buying Rangers past a preliminary check of them.
 
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Maybe it was best value for money. I mean, the fact that their ground isn't all that good, the squad sucks and the previous owner did **** all may have meant the club was available on the cheap, and it's a championship club that has been in the prem recently and with proper management could be back up in no time.
perhaps, but that along with the land issues does make me wonder slightly. That being said, they obviously own numerous sports ventures therefore should be able to spot a good buy when they see one. Let's just wait it out.
 
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