Source: SKY_Sports
Al Fahim announces ownership
Sulaiman Al Fahim claims to have taken full control of Portsmouth after months of speculation about the club's future.
The businessman's attempted buy-out appeared to have fallen through earlier this month and chief executive Peter Storrie decided to front his own consortium in a bid to bring stability to Fratton Park.
Pompey have endured a difficult summer when they have been forced to sell many of their top players but manager Paul Hart stated at the weekend that an announcement over the club's ownership was imminent.
Portsmouth have yet to issue an official statement but it seems an agreement is in place for Al Fahim to become the club's sole owner.
"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," read a statement from Al Fahim's representatives.
"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 the supporters of Portsmouth FC who have shown an extraordinary level of commitment and loyalty to this great club."
