Source: SKY_Sports
Pompey accept Al-Fahim bid
Portsmouth have confirmed owner Alexandre Gaydamak has accepted an offer from Dr Sulaiman Al-Fahim to buy the club.
The Dubai-based billionaire - known as the 'Donald Trump of Abu Dhabi' - previously helped broker the deal that saw Manchester City bought by Sheikh Mansour.
Al-Fahim is also on the board of Abu Dhabi United Group - the group which bought City.
But now Al-Fahim looks to be going on his own after concluding talks with executive chairman Peter Storrie, who was negotiating on behalf of Gaydamak.
Now the club are entering a formal period of due diligence as the two parties look to conclude the deal.
StatementPortsmouth confirmed the deal had been agreed on their official website and released the following statement: "Portsmouth football club can confirm that it has accepted an offer from Dr Sulaiman Al-Fahim to buy the club.
"This follows initial due diligence and negotiations with Portsmouth executive chairman Peter Storrie on behalf of club owner Alexandre Gaydamak.
"Peter Storrie concluded the deal with Dr Sulaiman Al-Fahim in Rome on Tuesday night.
"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."
