Gaydamak Jr. unveiled at Portsmouth

By ASSOCIATED PRESS
January 8, 2006 06:33
2 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Russian banking tycoon Alexandre Gaydamak took over as co-owner of struggling Portsmouth on Friday and shrugged off allegations that he and his father, Arkady, had a murky business background. Gaydamak faced the British media after Portsmouth confirmed he was teaming up with chairman Milan Mandaric and most of the questions were about his family's business record. Arkady Gaydamak, billionaire owner of the Betar Jerusalem soccer club and president and sponsor of the Hapoel Jerusalem basketball team, is under investigation by Israeli authorities for alleged money laundering, which he denies. His son told reporters at a news conference at Fratton Park that his father had nothing to do with his own involvement with Portsmouth, which reportedly cost him $26.25 million. "Portsmouth Football Club is a business I am investing in," Alexandre Gaydamak said. "There is no relationship between my father and the football club. "It is my money from 10 years of working. It is completely my money from working in finance and real estate." Portsmouth, which is second from last in the Premier League, hopes that Gaydamak's arrival will provide the club with the money to buy some top players and get the team out of relegation trouble. Although Pompey fans hope that he is another version of Roman Abramovich, who has invested $525m. in transforming Chelsea into a wealthy title-winning club, Gaydamak dismissed suggestions that he could do the same. "I see myself as a person who found an opportunity and a very strong challenge, not a savior," he said. "You think I'm the savior? That is a joke." But Portsmouth has begun to spend some of his money. After Polish striker Emmanuel Olisadebe joined the club on a six-month contract from Panathinaikos, Pompey announced the signing of another forward, Benjani Mwaruwari, from French club Auxerre, subject to a work permit being issued. The fee for the Zimbabwe international striker will be a club record $7.2m. Mwaruwari was introduced at the same news conference and told reporters he joined Portsmouth instead of Marseille because his command of English was better than his French.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

dudi sela
August 31, 2014
Sela steamrolled by Dimitrov

By ALLON SINAI