Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Portsmouth Sold to Al-Fahim
The Guardian UK , May 28th, 2009 3:30PM

MOST READ

MOST COMMENTED

Sacha Gaydamak, the owner of Portsmouth, has agreed to sell the club to Dubai-born businessman Sulaiman Al-Fahim. Al-Fahim brokered the buyout of Manchester City last August for the Abu Dhabi United Group, an investment vehicle owned by Sheikh Mansour Bin Zayed Al Nahyan, the billionaire member of the Abu Dhabi royal family.

Al-Fahim said last night: "I'm excited about the club and I've signed the memorandum. I was involved in the Manchester City purchase but this one is now mine."

The owners of Manchester City sidelined Al-Fahim after a few bold public pronouncements that created the impression that Sheikh Mansour was willing blindly to spend any amount of money for players. Al-Fahim, for example, suggested that Manchester City would spend $240 million on Cristiano Ronaldo. "Why not?" he said. "We are going to be the biggest club in the world, bigger than both Real Madrid and Manchester United." While the owners of Manchester City have tempered their claims, Al-Fahim continues to cultivate a brash public persona. He founded "The Hydra Executives," a TV show in the United Arab Emirates in the mold of "The Apprentice," in which Al-Fahim judges a competition for $1 million between Americans and Brits in the UAE property market.

If the deal between Al-Fahim and Portsmouth goes through, the club might have a tumultuous few months of transfers ahead. It remains to be seen how much money Al-Fahim will inject into the club to maintain some of its current players. Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
FIFA Sets Meeting to Discuss Qatar 2022    
FIFA has said it will step up the search for new dates to play the 2022 ...
Poll: Fans Think Real is Weaker Than Last Season    
According to a poll conducted by Spanish daily AS, Real Madrid fans think their team is ...
Last Minute Deals for Cleverly, Falcao, Welbeck Completed    
Tom Cleverly on Tuesday completed a season-long loan switch to Aston Villa from Manchester United, despite ...
Report: EPL Clubs Spend Close to $1.4 Billion on Summer Transfers     
English Premier League teams smashed the previous record for spending during the summer transfer window after ...
Several World Cup Stars to Miss Final Rematch     
Lionel Messi is one of four injured Albiceleste stars for the World Cup final rematch between ...
Ronaldo: I Can't Say What I Think About Real's Transfers     
Cristiano Ronaldo, who missed Real Madrid's shock 4-2 defeat at Real Sociedad with a lingering knee ...
Ancelotti: Attitude to Blame for La Real Loss    
Real Madrid coach Carlo Ancelotti rejected suggestions that Xabi Alonso's departure to Bayern Munich was to ...
Creighton shuts down Jordan Morris    
No. 24 Creighton got goals by freshman Ricky Lopez-Espin and Fabian Herbers to beat No. 13 ...
Redknapp to Sign Two-Year QPR Extension    
Despite losing his first three games of the season, Queens Park Rangers coach Harry Redknapp revealed ...
Hernandez, Juve Agree Personal Terms    
The Corriere dello Sport on Friday reported that Juventus has agreed personal terms with Manchester United ...
>> Section 2 Around the Net Archives