Convers Sports Initiatives company, headed by Russian businessman Vladimir Antonov, has completed the purchase of English Portsmouth Football Club.
      
       There were months of negotiations between the club and Convers Sports Initiatives. Previously Antonov had been thinking about purchasing other football clubs, but then he chose Portsmouth FC.
      
       "I am pleased to welcome the club’s new owners and very much look forward to working with them. It has been a complex process, which has been conducted very professionally throughout. I’m very pleased that it is now complete and we can start to put plans in place for the future", — said David Lampitt, Pompey chief executive.
      
       "We have conducted extensive due diligence and held detailed negotiations with a number of clubs in the English Premier League, Championship, League One and Scottish Premier League over the past twelve months", — said Antonov. He added, that his company had selected Portsmouth FC because of it's history, loyal fan base and it's potential to return to the Premier League.
      
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