Hong Kong-based businessman Balram Chainrai, who is of Nepali origin but has a British passport, became the fourth owner that Portsmouth have had this season, the English Premier League club confirmed on Thursday. Chainrai’s company, Portpin, took a controlling interest in the financiallystricken club from Ali Al-Faraj after exercising provisions linked to a 17-million-pound loan it made to the former owner, a Saudi Arabian based in British Virgin Islands.
Well Done Uncle. lol
Update: Theres been confusion regarding the origin of Balram Chainrai. Here are two sources which state that he is of Nepali descent.
Independent : Portsmouth’s fifth successive foreign owner, and the third to buy the club via a company registered in the tax haven of the British Virgin Islands, is a Hong Kong-based businessman of Nepalese extraction with a British passport.
Apart from this, all the Nepali news sites are reporting him as a person of Nepali descent and I go by ‘Independent’ as its a highly reliable source.
he is no Nepali. He is an Indian business man.
no hes not indian…
he is Nepali aite…=]
he is a nepali