Mr. Balram Chainrai is a Hong Kong based businessman who owns English Premier League club Portsmouth Football Club. He is originally from Nepal and holds a British Passport.Chainrai is said to have made his fortune distributing electronic products and mobile phones, The Times—a leading British newspaper—reported on Friday. “His main company, Hornington, was founded in 1984 to make and rade electronics and toys, distribute computers and related accessories and to provide funding to other business projects,” the news report said.
According to The Times, Hornington owns a string of fitness chains in Hong Kong and also has investments in Australia and Eastern Europe. Last year, the company claimed to have an annual turn over of £260 million.
Chainrai first came to the attention of the UK business press about six or seven years ago, when his property firm snapped up a number of industrial units around UK, the news report added.
