Portsmouth football club’s potential new investor may not have much cash to
invest in the club, according to accounts audited by the Russian office of Baker
Tilly, the Daily Telegraph claims today.
Millionaire Alexandre Gaydamak faces Premier League checks on his personality
and finances before he goes ahead with plans to become a partner with Pompey
chairman Milan Mandaric.
The Telegraph has found that Gaydamak, who is a French national, has
attempted to show his financial strength through his Moscow broking firm called
Antanta-Capital Group, but the accounts signed off by Marina Pavlova, deputy
general director of Baker Tilly Russaudit, show assets totalling just £12m in
The accounts also showed the group’s profits were only $647,000.
The average cost of fraud increased 35.4% to £3.9m in 2016, compared to 2015 data
Tallat Mahmood appointed to corporate finance team of Top 20 firm
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
Senior partner David Elliott has been appointed in KPMG’s Newcastle office