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


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
Reports: Messi Close to Barca Pay Raise    
According to reports in Spain, Lionel Messi is close to agreeing a contract extension with Barcelona ...
Scholes Named Man United Assistant Coach     
Paul Scholes on Wednesday was named as an assistant coach to interim Manchester United coach Ryan ...
FIFA Suspends Barca Transfer Sentence    
FIFA on Wednesday temporarily suspended the transfer ban handed to Barcelona for violating its rules regarding ...
Donovan on Moyes     
Landon Donovan on Wednesday sounded off on the news that Manchester United had fired head coach ...
Moyes Speaks Out About United Dismissal     
David Moyes on Wednesday broke his silence after being fired as head coach of Manchester United ...
Simeone: Atleti Tried to Score vs. Chelsea    
Diego Simeone said that in contrast to Chelsea, Atletico Madrid tried to score during the first ...
Mourinho Would Field Weakened Team at Anfield     
Jose Mourinho suggested that Chelsea might have given up on the Premier League title after the ...
Scolari turns criticism back onto the critics    
Brazil coach Luiz Felipe Scolari is shrugging off criticism of several players as tension and excitement ...
Qatar begins down-sizing World Cup plans    
Qatar plans to scale back plans for the World Cup it is scheduled to host in ...
German unions request leniency for late arrival during World Cup    
German union leaders want employers to show leniency towards their soccer-supporting workers by allowing them to ...
>> Section 2 Around the Net Archives