Portsmouth - Due diligence is done...
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Due diligence is done...

...or is it?

I have to admit that I never even saw the article as I was at work, but The News - the online version anyway - was running and article this afternoon saying that due diligence was done, this was apparently soon pulled!

So, when you now click on it you are met with a blank page...

I guess we need to wait for the Pompey Site to tell us DD is done but it was my thinking, not long before that article actually, that I believed the due diligence was long since done with us now well into the 'fit and proper' business - and I maintain these thoughts, as I do a manager at least having been pencilled in, with it being them making decision not other figures at the club.

Assuming DD is done as long as Dr SAF can successfully pass the 'fit and proper' process, which could take up to 2-weeks - which, like I say I believe is already underway, his takeover is complete? Well, so it seems!

Technically, and again assuming DD really is done, this is a done deal! All that stands between us and an Arabian takeover is the premier league finding something that makes Dr SAF an 'unfit candidate', with it very much believed this cannot, and will not, be the case.

So, we are all but done now, aren't we...

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The Journalist

Writer: pompeyrug Mail feedback, articles or suggestions

Date:Friday July 10 2009

Time: 12:12AM

Your Comments (oldest first)

Change to most recent first
to me, nothing is done till we have a manager and some new players..
nodster
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10/07/2009 00:22:00

I wonder whats going on if they have done this. hmmmm
PompeyFcMad
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10/07/2009 00:35:00

I got a copy of the article here if anyone wants a read:- "Al Fahim's 60m Pompey takeover moved closer today after the completion of due diligence. The News can reveal the investigation into the Blues' finances are now at a close as the Arab property tycoon* inches nearer to becoming the club's new owner. "Al Fahim met with Peter Storrie in Paris earlier this week where a purchase agreement was signed by the 32-year-old. That means his move to succeed Sacha Gaydamak now moves into the hands of the Premier League. They can now begin their fit and proper person's test. Once that has been completed the move can then be finalised and Al Fahim unveiled."
PompeyFrippy
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10/07/2009 00:44:00

News from here in Spain is that the deal is done and the new manager " almost certainly Mancini"is selecting players
russellm
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10/07/2009 00:56:00

Just a quick note,is the geezer who got the scummers out of s@#t the same guy who was reported a couple of weeks back as the same guy who wanted to plough money into us alongside SAF,some german billionaire I think? I am probably wrong,I usually am.lol
JASON R
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10/07/2009 01:40:00

why did they pull it???..its never simple is it! :)
CharlieChimes
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10/07/2009 06:53:00

Jason, yes you are wrong as No its a Swiss Family, not sure if iuts the robinsons or ticker ticker timex...? or ticker ticker time bomb :-)
Midge
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10/07/2009 07:55:00

Charlie, same as Quay pulling the story on Monday i suspect... everyone wants to be first, they DO know what is going on, but are probably jumping the gun so getting told "Down biy" by the club?.......
Midge
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10/07/2009 07:56:00

This is what Quay said this morning, 7:00 am. News..... According to Quay: They were right to break story on Monday as the Due Dili was done then. Tuesday - the old and New owners met to sign contracts Wednesday - Storrie returned to submit Signed Papers and Fit and Proper papers. Friday (Today) - all expected to be passed. (BUt... Can officially take up to 2 weeks, so maybe that why everyone being told to wait?) 6pm Yesterday The News also broke this story, but it was pulled 1 hour Later. See comments on this link http://www.portsmouth.co.uk/frattonlatest/Pompey-takeover-Due-diligence-completed.5446715.jp
Midge
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10/07/2009 07:58:00

Looking much better. I work in Oxford, but still have a scummer as a boss, and all I have heard about this week is how they have a billionaire owner and we don't! Still keeping the faith. Can't wait for some good news on this.
Pompeytim
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10/07/2009 08:04:00

I'm reasonably confident that the dd is done, and the fit & proper test has been started - but apparently it could still be another couple of weeks till its all done. This is hard, but lets hang on in there a bit longer. You can point out to your scummer boss that their dd had already been carried out by their administrator, and they don't have to do the fit and proper person test cos they're not in the prem. Not even close to being in the prem.
tracyc
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10/07/2009 19:51:00

I read somewhere to day that although Dilly is done and fit and proper is underway, nothing was signed in Paris as Sacha and Saffy are negotiating price again. This would not surprise me at all. Certainly, what Saffy agreed to buy is not now what is for sale. GJ, a very valuable company asset has been sold. On the other and, I have heard through the grapevine that we are just waiting for fit and proper and we will be unveiling Mancini for Manager and six players. Who knows what to believe - I can't take much more!!!!!!!!!!!!!!!!!!!!!
Gandor1
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10/07/2009 22:57:00

The season ko in a months time, even if it all goes through in the next 2-3 weeks it will leave very little time in getting players in & then expecting them to settle in!
storagematt
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14/07/2009 09:17:00

 

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