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Gaydamak moves on Pompey

by: Leslie Bunder - Last updated: 2006-01-04

Arcadi Gaydamak

Arcadi Gaydamak

The son of one of Israel's richest men has emerged as a 50% buyer of struggling British football club Portsmouth.

London-based Alexandre Gaydamak, 30 is the son of Arcadi Gaydamak who is president of the Congress of Jewish Religious Communities and Organizations of Russia.

The stake in Portsmouth is said to have cost him £15m.

Gaydamak senior made his fortune in France following his emigration first from the Soviet Union to Israel and then from Israel to France.

Since 2002, Arcadi has been based in Moscow where he runs his business empire which includes interests in Angola, a small bank as well as ownership of a Russian newspaper

He takes a keen interest in Russian Jewish communal affairs. ""I was born in this country over 50 years ago as a Jew, and during all my life I have been involved with Jewish issues," he says.

In Israel, he owns Beitar Jerusalem and over recent years has donated millions of pounds to support various Jewish charities and causes.