Portsmouth Football Club’s former owner Sacha Gaydamak yesterday signed a deal that has stopped the south soast club from going to the wall.

The club claimed on Friday that they were close to having to pull the plug because Gaydamak had refused to signed a deal to sell Bairam Chainrai, but he confirmed on Saturday that he would sign the deal, and an expressed outrage that he had been made out to be the bad guy by the club, saying that he always had every intention of signing, and that they changed the deal at the last minute.

‘The news this week surrounding football and this club shows that the current preoccupation with money and finance isn't helping the game and its reputation,’ said Gaydamak. ‘Portsmouth Football Club, its fans, employees, players and the community that surrounds it deserve better than being subjected to rumour resulting from some parties using the press to create uncertainty as a negotiating tactic.

‘I fully intended to sign the deal on Friday and had it not been changed at the last minute I would have. Everyone understood on Friday that further negotiations were now required. A new agreement was reached late this evening and as soon as I receive the papers I will sign them.

‘I hope this draws to an end this unfortunate uncertainty surrounding the club. I wish everyone involved in the club well for the future.’

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