View of part of the Fujairah Corniche and the Hajar Mountains in the Background

Wednesday, May 27, 2009

Is the UAE Poised to Buy the Portsmouth Football Club? Yes!

The BBC Sport is predicting:
The Portsmouth Football Club is close to being taken over by United Arab Emirates businessman Sulaiman Al Fahim.

Al Fahim was the frontman for Abu Dhabi United Group when it took over Manchester City in September 2008.

Pompey, who finished 14th in the Premier League this season, have yet to make any comment on the proposed deal.

Gaydamak, who has been at the club since January 2006, stated late last year that he wanted to sell.

He revealed he had rejected two offers for the south coast outfit as he wanted to sell to a buyer who would be committed to funding a new stadium and training ground for the club.

According to, Gaydamak held talks with Al Fahim ahead of the Champions League final in Rome.

Source and to read entire article: BBC Football, 27 May 2009.

The Press Association

UPDATE from Portsmouth Press
Portsmouth Football Club have confirmed they have accepted an offer from UAE billionaire Sulaiman Al-Fahim to take over the club.

Executive chairman Peter Storrie held talks with the new owners on behalf of club owner Alexandre Gaydamak.

No figure has been disclosed but the deal is thought to be in the region of £60million. Peter Storrie concluded the deal with Dr Sulaiman Al-Fahim in Rome on Tuesday night. In a statement Pompey said: '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.'

Portsmouth Bets Profile of New Football Club Owner Sulaiman al Fahim, ETE.

Dr Geoff Pound