BBC Sport
Skip to main contentAccess keys helpA-Z index

[an error occurred while processing this directive]
watch listenBBC SportBBC Sport
Low graphics|Help
---------------
---------------
CHOOSE A SPORT
 
RELATED BBC SITES
Last Updated: Wednesday, 4 January 2006, 10:17 GMT
No concerns about Pompey takeover
The Premier League is unlikely to stand in the way of Alexandre Gaydamak's �15m purchase of a 50% share in Portsmouth.

The plan to buy half of chairman Milan Mandaric's shares may go ahead once the Russian signs a director's declaration.

The French government wants to talk to Gaydamak's wealthy father Arcadi about an alleged oil-for-arms deal to Angola but he has denied any wrongdoing.

But a Premier League spokesman told the Daily Telegraph: "We have never been forced into looking at anyone."

He added: "We have a number of rules in place to ensure good corporate governance is followed and the game is not compromised."

Details of Gaydamak's business dealings are sketchy, which has aroused suspicions.

But his billionaire father said the decision to invest in Portsmouth was entirely his son's.

He said: "I have my business and he has his business and each of us goes his own way."

An investor can be disqualified from becoming a director of a Premier League club if he or she:

  • Is involved in, or has power to determine or influence the management or administration of another club or Football League club.

  • Holds or acquires 10% of shares of a club while holding shares in another club.

  • Becomes prohibited by law from being a director.

  • Is convicted on indictment of an offence, which includes the likes of conspiracy to defraud, insider dealing, obtaining money by deception, false accounting and tax evasion.

  • Makes an Individual Voluntary Arrangement or becomes the subject of an Interim Bankruptcy Restriction Order, a Bankruptcy Restriction Order or a Bankruptcy Order.

  • Is a director of a club which, while he has been a director of it, has suffered two or more unconnected events of insolvency.

  • Has been a director of two or more clubs or clubs each of which, while he has been a director of them, has suffered an event of insolvency.


  • RELATED BBC LINKS:

    RELATED INTERNET LINKS:
    The BBC is not responsible for the content of external internet sites



    E-mail services | Sport on mobiles/PDAs

    MMIX

    Back to top

    Sport Homepage | Football | Cricket | Rugby Union | Rugby League | Tennis | Golf | Motorsport | Boxing | Athletics | Snooker | Horse Racing | Cycling | Disability sport | Olympics 2012 | Sport Relief | Other sport...

    BBC Sport Academy >> | BBC News >> | BBC Weather >>
    About the BBC | News sources | Privacy & Cookies Policy | Contact us
    bannerwatch listenbbc sport