Portsmouth announce Gaydamak ownership deal

0 Comments | AFP, January, 2006

PORTSMOUTH, England (AFP) — French businessman Alexandre Gaydamak is set to become the joint-owner of English Premiership side Portsmouth, the south coast club announced.

French national Gaydamak, the son of a Russian billionaire, is due to become an "equal partner" at Fratton Park and could provide the struggling team with additional finance.

In a statement on Monday, Portsmouth said: "Portsmouth Football Club today (Monday) confirmed it has reached an agreement in principle with Mr Alexandre Gaydamak over the future shareholding and development of the club.

"Chairman Milan Mandaric will be delighted to welcome 30-year-old Alexandre Gaydamak to the club as an equal partner."

Gaydamak's father, Arcadi, is the owner of Israeli side Beitar Jerusalem...

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