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
League Will Investigate Portsmouth Takeover
Guardian , May 29th, 2009 3PM

MOST READ

MOST COMMENTED

The Premier League is preparing to use Sulaiman Al-Fahim's takeover of Portsmouth as a test case for its strengthened fit-and-proper-persons rule, a policy due for introduction next week. Al-Fahim, a charismatic Dubai property investor, declared that he would conduct the takeover using his "Al Fahim Asia Associates" instrument, which he described as being "structured like a closed-end private equity fund." A source with knowledge of the deal said Al-Fahim owns the fund but that it had numerous investors who had pledged their money on condition of anonymity.

Such anonymity, however, might not provide the transparency that the league now requires. "We should know and the public should know and the fans should know who owns their club," league chief executive Richard Scudamore said. The league's new rules will demand that shareholders details get exposed to the league and the public. Al-Fahim's attempted takeover of Portsmouth will be the first to fall under the policy.

The investigation might take weeks or months. The club believes it will take one to two weeks but a spokesman for Al-Fahim indicated it would not be completed until July. Even in the best-case scenario it will take Portsmouth past the opening of the transfer window on June 1, potentially obstructing the club's ability to stir up the transfer market. 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
Scolari Gets a Job    
Luiz Felipe Scolari, who resigned as Brazil coach after its disastrous 2014 World Cup campaign, has ...
World Cup Runner-up Coach Steps Down    
Alejandro Sabella, who guided Argentina to the World Cup final in Brazil, has decided to quit ...
Ronaldinho on the Move    
Former World Player of the Year Ronaldinho has left Atletico Mineiro. The 34-year-old former Barcelona, AC ...
Beer Approved in the Big House    
Normally, alcohol sale and consumption is strictly forbidden inside the University of Michigan's stadium, but beer ...
Sturridge Wishes Suarez Well    
Daniel Sturridge says he'll need some help from his teammates if the departure of the Uruguayan ...
Liverpool Signs Belgian Teen Star Striker    
Liverpool has signed of 19-year-old Belgium striker Divock Origi, whose goal against Russia sent the Red ...
Tevez's Kidnapped Father Released    
Juan Alberto Cabral, the father of Juventus' Argentine striker Carlos Tevez, was kidnapped and released eight ...
Atletico Madrid Signs Young French Star    
Spanish La Liga champion Atletico Madrid has acquired 23-year-old French World Cup winger Antoine Griezmann from ...
Cuauhtemoc Blanco Makes Comeback at 41    
Former Mexico striker Cuauhtemoc Blanco has returned to the top flight of Mexican soccer at the ...
Jack Wilshere Regrets Having a Smoke    
What happens in Vegas doesn't always stay in Vegas. Arsenal midfielder Jack Wilshere was caught on ...
>> Section 2 Around the Net Archives