Pompey statement - Al Fahim offer accepted!
Pompey have officially confirmed that an offer from Sulaiman Al Fahim has been accepted.
The t's still need crossing and the i's dotting but a deal was agreed with the Arabian billionaire in Rome last night according to the Pompey site with the following statement released...
PLAY UP POMPEY!
OFFER ACCEPTED FOR PORTSMOUTH FOOTBALL CLUB
Portsmouth Football Club can confirm that it has accepted an offer from Dr Sulaiman Al Fahim to buy the club.
This follows initial due diligence and negotiations with Portsmouth executive chairman Peter Storrie on behalf of club owner Alexandre Gaydamak.
Peter Storrie concluded the deal with Dr Sulaiman Al Fahim in Rome on Tuesday night.
A period of formal legal and financial due diligence will commence next week so that the transaction can be completed as soon as possible.
The club cannot make any further comment on the future structure of the club until this period has been completed.