Portsmouth owner Alexandre Gaydamak is ready to sell the club for just one pound.
Gaydamak had initially set an asking price at £20million, but so far he have failed to find a buyer for the cash-strapped Premier League club.
A City source told News of the World: “Sacha is getting desperate.
“He was hoping after Portsmouth won the FA Cup and qualified for Europe he would find some rich foreign businessman to buy his shares but that has not happened.
“The trouble is Pompey have a wage bill of £60m a year and a ground that only holds 20,500. Those figures do not add up.
“Potential buyers have been told they can have the club for £1 if they take on a debt facility of £95m.
“The assets have been valued at £50m and that includes the players and Fratton Park.”
[Source: News of the World]
- Soccer News Like
- Be the first of your friends!
