Al Fahim insists there will be cash for Portsmouth signings in January

15 September 2009 17:34
Sulaiman Al Fahim insists he is not at fault for the delay in buying out Portsmouth. The Arab businessman has responded defiantly to claims that the takeover was on the brink of collapse. And just in case you doubted it - sensational claims in the Middle East have once again linked Diego Maradona with a move to Fratton Park that would see the Argentina legend handed a transfer bounty from a £100million windfall. New Portsmouth chairman Sulaiman Al Fahim (right) alongside CEO Peter Storrie White knight: New Portsmouth chairman Sulaiman Al Fahim (right) watches his club's opening-day defeat by Fulham alongside CEO Peter Storrie Al Fahim has been installed as Pompey chairman and was at the opening day defeat by Fulham and has moved to reassure fans that his takeover was still on track. His spokesman said: 'We signed the terms of agreement on July 20, which was agreed by both sides, and the Sales & Purchase Agreement (SPA) was sent from our side to the seller’s lawyers. 'We are waiting for them to move forward with this document. Even though there is a lot of media speculation about delays, Sulaiman Al Fahim is committed to completing this deal as per the terms of agreement that was signed more than three weeks ago. 'There is no delay from our side, the current owner has the SPA which we are ready to sign.' The website, which was once seen as being close to Al Fahim, reports than Al Fahim is set to claim a £100m bonus from 'land flipping' deals he made while chief executive of the Hydra Properties company in the Middle East. And Arabian Business quotes 'a source' claiming Maradona's involvement was very much on the agenda. While his appointment would be a coup, the Argentina boss last month said he would not walk out on his country to take up the mooted director of football-type role. Yet still the links persist and the source apparently said of the bonus: 'Any bonus will not be paid until December this year, so while it doesn’t impact on the funding for the takeover, it does open the door to bringing in a few signings in the January transfer window. 'There was talk last month of Maradona getting involved with the club on a global ambassador role, and this kind of cash would certainly help that and a few other player signings that are being considered.' There were laughable claims last month that Maradona had assurances from Samuel Eto'o, Sergio Aguero, David Villa and David Silva that they would join him at the South Coast club.

Source: Daily_Mail