Takeover at Pompey Saves Day [Edition 3]

Daily Mail (October 06, 2009)

Author: Simon Cass

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Summary

SULAIMAN Al Fahim's disastrous 41-day reign as Portsmouth owner ended last night as the consortium backed by Saudi property magnate Ali Al Faraj sealed a deal to take control of the troubled South Coast club.

Al Fahim and representatives of Al Faraj and former owner Alexandre Gaydamak spent the day in talks as the buy-out progressed with lightning speed. Under the terms of the takeover Al Fahim will retain a 10 per cent stake and be given the title of non-executive chairman.

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Extract

Takeover at Pompey Saves Day [Edition 3]

A club spokesman said last night: 'The takeover will ensure Portsmouth's future is safe and will bring financial ...

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