Al Fahim - Pompey plan in place

28 September 2009 14:52
Portsmouth owner Sulaiman Al Fahim has pledged to stabilise the floundering Premier League club on and off the field. Al Fahim eventually completed his protracted takeover of the Fratton Park outfit at the end of August, by which time several key players had been sold in a bid to counteract mounting debts. Paul Hart then put together a hastily-assembled squad before the transfer window closed which has made the worst-ever start to a Premier League season, suffering seven successive defeats. There were further rumours at the weekend that chief executive Peter Storrie was preparing to walk away from the South Coast outfit, but he has since moved to deny those suggestions. And Al Fahim has now issued a statement on the club's official website, insisting that a £50million investment should be concluded in the coming days and calling on everyone associated with Pompey to pull together and back Hart's side. He said: "I can assure supporters that there is a plan in place backed by firm commitments that will bring £50m into Portsmouth Football Club over the next two to three weeks. "As the owner, I am the first to understand that the club's financial situation is of great concern to everyone associated with Portsmouth Football Club. "But I am confident that the club's finances will be fully stabilised over the next few weeks and we can move the club forward. "Our priority at this stage is to ensure that we stay in the Premier League and we must focus on this. If we pull together and apply the necessary effort, we will see team performances improve and we will move up the Premier League. We are still at an early stage of the season. "I am proud to be the new owner of Portsmouth Football Club and I am committed to taking this club forward. "I will invest prudently in players and infrastructure and I will ensure that Portsmouth Football Club remains loyal to its values, in particular through its engagement with the local community."

Source: SKY_Sports