UAE Tycoon to Take Over Portsmouth FC?

Just to the club isn't so strapped for cash!

The owner is obviously a fan of football, having gone to Rome for the CL final - although it does mention the tickets were a gift from Gaydamak.. so who knows.

It would just be nice for the club to get a bit of money behind them!
 
Some Arab business guy on SSN is saying that he's been told the deal has already been signed.

He's saying that the guy (Al Fahim) wants to takeover a small club and make them into a top club and that he previously looked at Spurs and Newcastle before going for Pompey. I guess Spurs and Newcastle were too small :p
 
Sky sports now, apparently a done deal.

Hey Gustov.

While I think the money injection will do the club good in the short term and maybe* long term. I'm of the opinion that money is starting to ruin football, esp English football.

*I think it can causes more problems in the long run.
 
I am a bit confused, this guy apparently was part of the group who bought Man City. So does that effectively mean that group now "owns" 2 premiership sides??
 
no, its two guys who are in the abu dhabi investment group, but not everything they do is linked. They own things privately, and pool money together for joint ventures. If the joint venture group bought both clubs it would be an issue, but its simply two of the investors privately owning clubs, and working on other things together.

The only bad thing would be, with Pompie not desparate for the cash, they might hold on to Johnson, the bad part being we won't be able to laugh at Benitez for spunking 15mil on him.

The other thing being I've seen a quote that the first thing to sort out if it goes through, is getting existing players tied to new contracts as apparently many are up in the close season. Frankly Pompie need a clear out of a lot of overpaid crap, Kanu must be on silly money to barely ever play, Campbell makes mistake after mistake, ,one in that last game that was laughable, again on huge wages. I'd be letting a load of players go if there was new money for investing rather than signing on fee's for players to stay who should really be released/retiring.
 
Not good news, they are in debt because they spent big when they thought they were a big club, its only going to end in tears.
 
no, its two guys who are in the abu dhabi investment group, but not everything they do is linked. They own things privately, and pool money together for joint ventures. If the joint venture group bought both clubs it would be an issue, but its simply two of the investors privately owning clubs, and working on other things together.

Wow...I didnt even know that was allowed. Seems like potential conflict of interests to me. So if a group of 5 people bought Spurs, then 1 of those 5 could go and buy Wigan individually and another 1 of the 5 could buy Fulham? I truly didnt know that, kind of surprised but hey ho, its another foreign investor in the premier league so someone somewhere is probably happy about it.
 
DM is wrong. Al Fahim is not part of the group that took over City. He was hired by them to front their bid but has since left (seen some reports saying he got pushed because he wouldn't shut his mouth).
 
Not good news, they are in debt because they spent big when they thought they were a big club, its only going to end in tears.

We've never thought we're a big club:rolleyes: Redknapp was the problem as Spurs will eventually find out when they're peeing money in player wages and failed buys.


I dont know why this guy thinks its a good investment, going to take him years to even get a profit,

:rolleyes: Well if you believe the rumours that he looked at both Spurs and Newcastle first he must see something that makes a worthwhile investment.
 
We've never thought we're a big club:rolleyes: Redknapp was the problem as Spurs will eventually find out when they're peeing money in player wages and failed buys.




:rolleyes: Well if you believe the rumours that he looked at both Spurs and Newcastle first he must see something that makes a worthwhile investment.

Not as much debt as the other two, simple.
 
This article in the Pompey News

http://www.portsmouth.co.uk/newshome/Sulaiman-Al-Fahim-A-message.5311343.jp

'Portsmouth has incredible history, and its fans are some of the most loyal in the world of football.

'I look forward not just to working with them, but listening to their views on how they want to take the club forward.

'I am the investor, but this is their club and their community - and it is a privilege to be taking charge.'

I'll be happy if that is the case, but part of me just doesn't believe it. Although I understand that at Man City regardless of the tabloid reporting on stupid money being offered for players there has been a massive investment in club infrastructure and academy, which we desperately need, also cultural changes with insistence that players attend fan meetings etc. so maybe there is hope.
 
It's a bit of an odd one for me as I'm sure that the finance for both these deals comes from the Dubai Government as the primary investors in the abu dhabi investment group and the big money in this character property firm.

Still good new for pompey as without this investment they were staring into a financial black hole.
 
We've never thought we're a big club:rolleyes: Redknapp was the problem as Spurs will eventually find out when they're peeing money in player wages and failed buys.




:rolleyes: Well if you believe the rumours that he looked at both Spurs and Newcastle first he must see something that makes a worthwhile investment.

Redknapp's a hilariously poor manager, he simply spunks cash EVERYWHERE on dozens of players and any good players make it on the pitch and any little success is all down to his great dealings.

if you look at the sheer number of signings he made at West Ham, some so impossibly bad, he completely screwed up the club and ran just before they were to get relegated. He destroyed pompie last year, has a whole bunch of crap players who are overpaid, and knew it was going to be a bad year so jumped ship to a club with money to invest. He's already demanding the club spend 30mil(despite the obvious Uefa level quality of the club and huge squad and expensive signings already since he's been there). But thats his MO, spend spend spend till the club is in debt and jump ship before the dirty business of selling, debt management and relegation becomes a problem.
 
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