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Does this mean it is done?

Does this mean it is done?

SAF this afternoon announced that he, well Al Fahim Asia Associates Ltd, had assumed complete control of Pompey - this saw no official statement issued for some time, then one that was on soon went off again as it 'appears' the official site crashed?

The Pompey Site is now back up and running and this contains a brief statement that says an 'agreement has been reached' - does this actually mean this takeover is finally complete...

All the way through SAF and his people have maintained that they would assume control, but it was looking like Peter Storrie's rival consortium was coming in, but it seems as though he has been beaten to the punch!

Quite what this means for his future with Pompey (and he is said to be on The Quays football hour tonight, although I cannot pick this up), and maybe even Paul Hart's, who both questioned SAF's ability to complete this deal - I am assuming the statement confirms this is done? - only time will tell.

Anyway, below is what the statement says - so I guess we now have to welcome SAF as our new owner? No more talking, no more promises of this and that lets see actions...

PLAY UP POMPEY!

==========

PORTSMOUTH FOOTBALL CLUB STATEMENT

Devondale Investments, the current owner of Portsmouth FC, and Al Fahim Asia Associates Ltd. (AAA), a company fully owned by Sulaiman Al Fahim, chairman of the board of Portsmouth FC, have reached an agreement whereby AAA has become the new sole owner of the club.

Sulaiman Al Fahim welcomed this agreement and looks forward to helping the club build on its impressive history and achieve new successes in the Premier League.

The chairman of the club would like to extend his gratitude to the players, staff and supporters of Portsmouth FC who have shown an extraordinary level of commitment and loyalty to this great club.


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Writer:pompeyrug
Date:Wednesday August 26 2009
Time: 6:34PM

Comments

0
Usually a statement like this on the official site means exactly what it says, but now there are still doubts, is this the way its going to be from now on?
tracyc
26/08/2009 18:39:00
0
Tracy, I can't find the SSN story you referred to.
NinjaTim
26/08/2009 18:42:00
0
Who knows Rug. We will probably get a statement tomorrow from Saffy saying "We only said we reached agreement - I never said it was completed". Its all so slippery. However, Storrie is so deflated on The Quay (nearly in tears) and doesn't seem to have any fight left in him, so I am not expecting him to rally his troops and make a last minute snatch from he jaws of.... well, Saffy.
Gandor1
26/08/2009 18:44:00
0
It was on the Sky News channel about 5.30 or so - Sam Matterface was on and introduced someone who talked about 'reports' that it was just an exchange of contracts. But I couldn't see it on their website either.
tracyc
26/08/2009 18:45:00
0
I missed the first half of the football hour tonight, I'm hoping to get it on the catch up thingy later. It sounds like it's bad news from the Peter Storrie point of view, and that's a great shame.
tracyc
26/08/2009 18:47:00
0
I think it is done and SAF is the new soul owner.
PompeyFcMad
26/08/2009 18:49:00
0
Whos is this Ali Al Faraj anyway? He is the major backer in Storrie's bid, just wondering if anyone knew anything about him and if he has more money than Saf?
moley2
26/08/2009 18:49:00
0
If this deal is done, then SAF needs to dig deep prior to the window closing.....January may just be too late. If he is the owner, then he doesn't have 14 days (the normal exchange of contracts to ownership time) to sort things out. Come on OWNER (whoever you are) Stop treating us like mushrooms, give us a press conference to lay out your plans (youve had 3 months already) and inform us what's going on, Get PS confirmed as Exec Chairman, and give the man some funds to IMPROVE the playing staff, not just enlarge it !!
BarneyArmy
26/08/2009 18:50:00
0
Spot on Barney.
NinjaTim
26/08/2009 18:53:00
0
Tracy, full quay interview will be available from about 9pm on the quay website....well worth a listen for anybody that doubts PS feelings for our club! I'm still thinking of the Wolfsburg trip (happy days), where did it all go wrong?????
BarneyArmy
26/08/2009 18:57:00
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