Looks like this has gone under the radar among all the CL discussion. The guy was apparently part of the group that took over Man. City, but has now decided to go it alone. And he is apparently promising to spend even more than City
http://news.bbc.co.uk/sport2/hi/football/teams/p/portsmouth/8070535.stm
http://news.bbc.co.uk/sport2/hi/football/teams/p/portsmouth/8070535.stm