Premier league strugglers, Portsmouth FC, have finally been taken over by Sulaiman Al Fahim ending the speculation about the club’s future.
The 32 year old, Al Fahim, will now be the sole owner of the club in a buyout estimated to have cost £60million.
The club has seen a turbulent summer so far, particularly when it was forced to sell some of its best players to pay off debts estimated to be around £44m. Pompey sold English internationals, Crouch and Johnson to remain in business.
A spokesman for Al Fahim said, “Sulaiman Al Fahim welcomes this agreement and looks forward to helping the club build on its impressive history,”
Portsmouth’s press release said the following: “The chairman of the club would like to extend his gratitude to the players, staff and supporters of Portsmouth FC who have shown an extraordinary level of commitment and loyalty to this great club.”
Portsmouth’s manager, Paul Hart, will now be aiming to steer the team out of the relegation zone. However this could prove to be difficult as the south coastal club has lost their first three games of the season scoring just one goal.
Pompey’s next match will take place at Fratton Park against Manchester City on Sunday.
For the team to be relegated from the Barclays Premier League, Portsmouth is 4/5 with BetFred and 8/13 with Ladbrokes.
