Balram Chainrai
Encyclopedia
Balram Chainrai is a Hong Kong
based businessman (consumer electronics) and property developer who nominally owned English Championship club Portsmouth Football Club
.
£17 million through British Virgin Island registered company Portpin, 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 called him the "owner" of the club, Chainrai had until recently rejected this label and maintained that he was only protecting his investment. Having finally exited administration on 23 October 2010, Portsmouth confirmed the sale of the club back to Chainrai.
judge in Hong Kong.
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
based businessman (consumer electronics) and property developer who nominally owned English Championship club Portsmouth Football Club
Portsmouth F.C.
Portsmouth Football Club is an English football club based in the city of Portsmouth. The club is nicknamed Pompey. Portsmouth's home matches have been played at Fratton Park since the club's formation in 1898. The team currently play in the Football League Championship after being relegated from...
.
Portsmouth
In 2010, Balram Chainrai loaned former owner Ali al-FarajAli al-Faraj
Ali al-Faraj is a Saudi Businessman, and formerly the majority stakeholder in Portsmouth Football Club. It has been suggested that he may not exist.-Portsmouth FC:...
£17 million through British Virgin Island registered company Portpin, secured through collateral
Collateral (finance)
In lending agreements, collateral is a borrower's pledge of specific property to a lender, to secure repayment of a loan.The collateral serves as protection for a lender against a borrower's default - that is, any borrower failing to pay the principal and interest under the terms of a loan obligation...
on Fratton Park
Fratton Park
Fratton Park is a football stadium in the English city-port of Portsmouth. It has been the home of professional club Portsmouth F.C. since its construction in 1898.-Description:...
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 called him the "owner" of the club, Chainrai had until recently rejected this label and maintained that he was only protecting his investment. Having finally exited administration on 23 October 2010, Portsmouth confirmed the sale of the club back to Chainrai.
Family
Chainrai's sister Bina Chainrai is a district courtDistrict Court (Hong Kong)
The District Court is the lower court system in Hong Kong, having both criminal and civil jurisdictions. It is located in the Wanchai Law Courts, Wanchai Tower, 12 Harbour Road...
judge in Hong Kong.