Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySoccer World 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
Youth soccer fights back against 49ers    
Northern California youth soccer advocates, including Santa Clara Youth Soccer League President Tino Silva, have launched ...
Cal South TOPSoccer Program Turns 25    
"We're all soccer players, special needs or not," says Sandy Castillo, chair of the Cal South ...
How Neymar Played in Childhood     
Neyrmar: "I used to pick up the ball, set up the furniture and go around dribbling ...
Roma Partnering with U.S. Youth Clubs    
Italian Serie A club Roma, which has American ownership, aims to forge partnerships with seven U.S. ...
LVG: Falcao "Has to Prove Himself"    
Manchester United coach Louis van Gaal has responded to criticism over dropping Radamel Falcao by claiming ...
Report: Adidas to Assist Messi Move?    
According to Spanish sports daily AS, Lionel Messi's sponsor Adidas could be the key to the ...
Toure Admits Man City Future in Doubt     
Speaking ahead of the opening games of the African Nations' Cup in Equatorial Guinea this weekend, ...
Ronaldo Blasts 'Defensive' Atleti Tactics    
Cristiano Ronaldo blasted Atletico Madrid for its unattractive style after the Rojiblancos ousted Real Madrid from ...
Fabian Johnson's 'Spat' with 'Gladbach Coach Favre    
According to Bild, USA defender Fabian Johnson is in a "spat" with Borussia Monchengladbach coach Lucien ...
Serie A to Introduce Goal-Line Technology     
Serie A will introduce goal-line technology next season after the Italian soccer federation (FIGC) gave its ...
>> Section 2 Around the Net Archives