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Portsmouth put up for sale
London, Dec 7 (Agencies):
Published on 8 Dec. 2008 2:11 AM IST
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Portsmouth's future has been throw into disarray after Alexandre Gaydamak decided to sell the club. The owner has revealed that he has already rejected two offers as he is desperate to find the right buyer. Mega-rich Franco-Russian Gaydamak says he is walking away because of his business commitments. He insisted: “I have come to realise over a period of time that I can no longer invest the time required to oversee the running of the club. “I think it’s only right to consider the sale of the club to a group or individual who can come in and invest the time and money to ensure the club reaches its true potential. “First and foremost it is far more important for me to find the right buyer, with the club’s best interests at heart, rather than sell out at the first opportunity. “I have already rejected two very good offers for the club because I didn’t feel the buyers motives were in the best interest of the club’s long term future. “Making money from the sale of the club does not interest me. Finding the right buyer is far more important. “The credit crunch is having an adverse effect on everyone but we are addressing the key issues affecting every single club and readjusting accordingly. “I have a very fit and able board that have worked tirelessly to evaluate the current financial problems impacting on everyone and deal with them accordingly. “We are not in financial meltdown and it is nonsense to suggest we have to start selling key players. “As regards the stadium and new training ground it is sensible to revaluate things in the current market, but I stress that it is imperative that they go ahead. “And until I find a buyer who will give me cast iron assurances that this will be the case, I will remain at the club.” Gaydamak arrived at the club three years ago before becoming the owner later in 2006. Pompey have splashed the cash since and they won the FA Cup under former boss Harry Redknapp last season. But there are fears that current manager Tony Adams will have to sell star players such as Lassana Diarra in next month's transfer window.

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