Gaydamak ready to sell?
The Times Online is reporting that Sacha Gaydamak has put Pompey up for sale.
Gaydamak arrived 2 years ago, buying a 50% stake in the club from Milan Mandaric for £15m - with his investment we were able to stave off relegation and have since moved on from there.
18 months ago Gaydamak paid a further £15m to Mandaric to assume full control of Portsmouth Football Club, but it is now 'said' that he is ready to sell up and is standing to make a tidy profit - even after the money he has paid out - with the asking price said to be £60m, which seems a bit 'low' to me to be honest?
The 'lack' of investment and the finances that he does have has often been criticised although personally I think that he has spent money - not only on players but other areas of the club to try and take us forward - however is is 'said' that on closer examination he might not have spent as much as it might have looked, as plenty of players have also been sold with it claimed that over half the money spent on players has also been recouped by the selling of others - still harsh if you ask me as he must have shelled out a fair few quid on us!
The report says that the reason for him wanting to sell up - if he does - is not know but it could have something to do with the cost of financing a new ground, it is also said that one potential buyer has shown an interest but no formal talks have taken place.
It has often been suggested that his father had been bankrolling him, but this has always been denied and nothing proved. If he does sell up he would become the first investor - in the current trend - to have bought a club, to have then sold them at a profit...
To be honest I am a little sceptical about this as it seems an 'odd' time to sell doesn't it?
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