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Arab businessman buys Pompey?

Arab businessman buys Pompey?

I cannot stress enough that nothing has been officially confirmed by Pompey, but according to Arabian Business.com Pompey are being taken over by 'Property tycoon and UN Goodwill Ambassador' Sulaiman Al Fahim.

It is said that Al Fahim has negotiated a deal with Sacha Gaydamak over the purchase of the club, for an undisclosed amount, with the finishing touches put to the deal in Rome - where the Arabian is said to be a guests of Sacha's at the champions league final.

The Falcon Group, the group that negotiated the Abu Dhabi United Group that took over at Citeh last September are said to have structured this deal too, a deal that Al Fahim is said to have been the 'architect' of...

A source close to Ambassador Al Fahim is quoted on arabianbusiness.com as saying: 'he did the Man City deal and got the taste for football. He has followed the Premier League very closely since then, and has been looking for a club to get involved in.

'Portsmouth is a great club, with great history and great potential. It's something he is very excited about, and I am sure all the Portsmouth fans will be equally excited.'

'If' this all comes off the words 'the new owner's first priority will be stabilising the club's current squad, with many players out of contract at the end of this season' are his priority are music to my ears and I pray this all happens - stabilisation is what we need and then consolidation.

This 'source' also said: 'there will also be a lot of emphasis on developing the academy and training facilities. The club has had many great players over the years. The objective is to keep them.'

An official announcement is expected at 5pm today?

Could our problems be about to be made a lot easier...

I do not want 'overpaid' and 'under-trying' mercenaries coming in, consolidation of what we have and youth brought through is exactly what I want along with the training ground and redevelopment of Fratton Park - that is not too much to ask is it?

For the full 'exclusive' from Arabian Business.com click here.

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Writer:pompeyrug
Date:Wednesday May 27 2009
Time: 3:21PM

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Comments

0
Rug, I picked this up about an hour ago. Sounds exciting but let's wait and see.
bluedr
27/05/2009 15:41:00
0
We're all holding our breath....could this be the moment we've all been waiting for?!
jonathanl50
27/05/2009 15:43:00
0
its going to be a long hour until 5pm...
SUAC51
27/05/2009 15:46:00
0
Best news so far, let's hope it goes to plan. Maybe he'll sign Messi for us as a proper replacement for Diarra?!!!
storagematt
27/05/2009 15:57:00
0
call me fickle... but how rich is this guy?
pompeycarpet
27/05/2009 16:06:00
0
carpet - you are fickle but it is a very fair question. The one thing about any takeover bid is, has he the money:?
eastneydave
27/05/2009 16:07:00
0
Won't that make for a better summer, no so called 'fire' sale and one in the eye for the press. Then I woke up and came back to reality, I hope it's true but I'm not holding my breath.
Lemmi
27/05/2009 16:11:00
0
a takeover is exactly what the doctor orders - fingers crossed this all comes off...like i said above my main aims from this are:
'I do not want 'overpaid' and 'under-trying' mercenaries coming in, consolidation of what we have and youth brought through is exactly what I want along with the training ground and redevelopment of Fratton Park - that is not too much to ask is it?'...
i 'think' these are realstic targets and think that this is what al fahim will give us?
pompeyrug
27/05/2009 16:16:00
0
where's the news about the 5pm announcement, can't see anything specific apart from 'the next few hours'
stooH
27/05/2009 16:29:00
0
and is this guy still involved at Man City, he's supposedly a director of the company which own them so will he be able to be involved at Pompey (IE Will the FA let him buy us) even if it's a different company that's involved. Conflict of interests and all that...
stooH
27/05/2009 16:30:00
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