Source: SKY_Sports
Pompey documentation signed
// A bit of a hack but it works// The article snippet is wrapped onto a second line, even when #article-sub is emptyif( $("div#article-sub").children().length == 0 ) {$("div#article-sub").remove();} Sky Sports News understands the neccesary documentation has been agreed and signed as Ali Al-Faraj edges closer to completing his takeover of Portsmouth.[LNB] The Saudi-Arabian businessman has been holding talks with current Pompey owner Sulaiman Al-Fahim, who is looking to sell a 90 per cent majority share in the club.[LNB]Al-Fahim only bought the Fratton Park outfit in August, but has failed to produce the neccesary funds to run the club and players did not receive their salaries last week.[LNB]He is therefore reported to be eager to complete a deal with Al-Faraj and Sky Sports News revealed that an agreement could be reached on Monday evening.[LNB]A conclusion to the takeover has now edged even closer as the paperwork is understood to have been finalised, with both parties happy with the terms.[LNB]Al-Faraj has already passed the Premier League's fit and proper persons test after a failed attempt to buy Portsmouth as part of chief executive Peter Storrie's consortium in the summer, which has increased the speed of his takeover bid.[LNB]Former Pompey owner Sasha Gaydamak, who still owns land surrounding Fratton Park, has also given his required backing to the billionaire's impending arrival.[LNB]Al-Faraj is rumoured to be prepared to invest heavily in Portsmouth and will make vast amounts of money available for the Premier League strugglers in the January transfer window.[LNB]
