Source: Daily_Mail
Revealed: Al Fahim blasts Portsmouth board in explosive resignation letter
Sulaiman Al Fahim resigned as Portsmouth executive chairman after refusing to vouch for the club's finances in a document prepared for the High Court.[LNB]The Dubai businessman is preparing to hand supporters his 10 per cent stake in the club after claiming he had been sidelined at the stricken club.[LNB]Portsmouth could be liquidated or put into administration at a court hearing next week. HM Revenues and Customs issued a winding-up petition against the club over a disputed tax bill.[LNB] Standing down: Sulaiman Al Fahim (pictured, right, with Portsmouth chief executive Peter Storrie), has stepped down as the club's non-executive chairman[LNB]Read Al Fahim's resignation letter (pdf document)A 'statement of affairs' detailing Pompey's finances was compiled by accountants Vantis BRS and presented to the court on Thursday.[LNB]But Al Fahim revealed in his resignation letter, published by arabianbusiness.com: 'By way of background to my resignation, I refer you to the repeated requests made by me, and by my solicitors and other advisers on my behalf, for financial information in respect of the company... and board meetings to be held at which I could be presients, which requests (sic) were mostly ignored.[LNB]'Discussions between board members were taking place on a daily basis and I was not being invited to participate in such discussions.[LNB]'On the afternoon of February 15, I was presented with a draft statment of affairs in respect of the company.[LNB]'I am unable to comment on this draft statement of affairs because I have not had, and still do not have, the necessary financial information available to me in order to do so.[LNB]'I can neither provide my express nor my tacit approval of the statement of affairs or the report to be submitted by the English courts by the company.[LNB]'Accordingly, I regrettably have to resign as a director of the company with immediate effect.'[LNB] Pompey chairman Al Fahim quits and gives away shares to fans' groupSunderland boss Bruce targets £3.5m Portsmouth defender Marc Wilson Referees are against us! Angry Avram hits out at Premier League officialsCompetition: Win a pair of tickets for Burnley v Portsmouth on February 27PORTSMOUTH FC
