Portsmouth Acquisition Complete

On July 21 and Portsmouth announced that it has reached agreement to sell the club ownership rights to the merchant United Arab Emirates, Sulaiman Al Fahim. Suddenly a figure who was behind the Manchester City takeover is plotted as Club Chairman after pass fit and proper test.

However, some doubt. Al Fahim will be judged unable to meet financial requirements. Since then the protracted acquisition. Even the club's Chief Executive, Peter Storrie bring their own consortium to bid for a majority stake held by Alexandre Gaydamak.

Consortium was assessed innate Storrie will take full control of the club is based in Fratton Park it. But Al Fahim later announced Wednesday (8 / 26) was, through the statements of counsel, that he had full control of the club who were giddy in the English Premier League.

"Devondale Investments, the group currently Portsmouth owner, and Al Fahim Associates Ltd. Asia. (AAA), a company owned by Sulaiman Al Fahim, Chairman of Portsmouth, has reached an agreement. AAA became full owner of the club. "The official statement from the Al Fahim, as published in The Guardian.

Al Fahim now be happy and quiet running wheel business and bring Pompey out of the various problems that sandwich. Al Fahim hopes establishment in the Premier League clubs could be maintained and success even greater.

"On behalf of the Club Chairman, I would like to thank the players, staff and supporters for the commitment and loyalty to Portsmouth," added Al Fahim. Al Fahim was filled with controversy as to include a Doctorate in front of his name. He claimed a degree honoris causa in the field of real estate investment from Kogod School of Business at American University, Washington. But there was no such program in the university.