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Pompey takeover is now complete!

Pompey takeover is now complete!

'The proposed takeover' of Portsmouth Football Club by Dr SAF is no longer the proposed takeover as this has now been confirmed as 'the takeover' of Portsmouth Football Club!

The Pompey Site said: 'the owners of Portsmouth Football Club are pleased to announce that an agreement in principle has been reached over the sale of the club to Al Fahim Asia Associates and, as a result, Sulaiman Al Fahim, the sole owner and chairman of Al Fahim Asia Associates, will join the existing four-member board of Portsmouth Football Club as chairman with immediate effect.'

The 'agreed in principle' part is something that 'could' worry a lot of people, but I would suggest this is not anything major to worry about...

It was also confirmed that Peter Storrie will continue as chief exec.

After all the weeks, strike that, months of waiting, all the speculation, rumour and more often than not dirt slug at the club by the media Portsmouth Football Club is now officially under new ownership.

I am sure you will all join me when I say a warm welcome to Pompey to Dr SAF!

Now we must of course say thanks to Sacha, yep I know that we move forward in a pretty poor financial position but whatever we think now he helped, even if it came at a costs, make many dreams come true...

Under his ownership we, as we had under Milan before him, made steps forward improving on areas that his predecessor had worked on but, and again like Milan before him, unfortunately Sacha did not have the financial muscle to make all of his visions a reality - but he, well both, tried as best they could.

Without these guys at various stages over the past decade or so none of this would have been possible.

Like I say, I know, to be completely honest, both left us in poor financial positions but both had the right intentions, unfortunately they just did not have the financial clout to back up what was wanted.

Either way, now is not a time for finger pointing, what is done is done, we are in the here and now, so what we now do is look forward, not back, to what 'should' be a bright future, which had looked so dark!

We hopefully face the prospect of finally having an owner to make these visions and dreams, you know, the redevelopment of Fratton, training facilities, further improvement on youth structure - basically the infrastructure needed to push on - a reality...

But, and as we have said so many times on Vital Pompey, as we had when we kept saying this deal would also happen, we again say do not expect too much and do not get carried away lets just enjoy this moment and see what the future brings eh!

PLAY UP POMPEY!

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Writer:pompeyrug
Date:Tuesday July 21 2009
Time: 11:16AM

Comments

0
P.U.P :-D
SUAC51
21/07/2009 11:20:00
0
best news i've heard today
Harfin
21/07/2009 11:25:00
0
Aaah, the warm glow of stability. Long may it last. PUP FOREVER
pompeywebb
21/07/2009 11:26:00
0
What a relief. Found out I can now go to H & W tonight so it should be a good atmosphere.
Lemmi
21/07/2009 11:27:00
0
Pompey are saved! Happy Days!
sneakay
21/07/2009 11:27:00
0
Great news. Lets hope we hear all the plans soon. Exciting times ahead!!!
moley2
21/07/2009 11:28:00
0
I just hate the words 'agreed in principle'. What exactly does that mean? I know what the sentence means, but what does it mean in this context? I am stillalso fully confused as to what his personal wealth is like - I am not worried about hundreds of millions, but is he indeed a Billionaire, who will be able to spend a couple of million to strengthen the squad, or is he a similar wealth to Milan etc???? The reports seem very confused.
wakey
21/07/2009 11:32:00
0
Wakey - enjoy for today - we can worry tomorrow.
Gandor1
21/07/2009 11:34:00
0
yep, like Gandor says wakey, and as the message we gave out lets just enjoy the fact that it is done - 'in principle' for me means that sacha is just waiting for his money from Dr SAF, which he will get...
pompeyrug
21/07/2009 11:38:00
0
The news we have all waited for, way to go Pompey etc etc ! But I'm not going to get excited , one thing still worries me, has the loan to standard bank and other other debtors been repaid? where has all the money from player sales gone over the last year, if as reported the pot was empty? so before we get carried away, the only perceived change I can discern is that Sascha Gaydamak is not going to be short of a few bob and unless Pompey repay £30M back to standard bank this week we will still be in administration next week. What I want is a statement saying we are free of the debt, or at least some clarification from Peter Storie on the clubs financial position. Ill get carried away when we know that. PS can't wait till tonight's game at H&W, I'm sure it will be a bit of a party atmosphere and the cameras from the worlds media are bound to be there, so please dress and support the club appropriately ;-)
doggo
21/07/2009 11:44:00
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