Pompey in ANOTHER takeover…...

kenada_blue · May 27, 2009

http://news.bbc.co.uk/sport1/hi/football/teams/p/portsmouth/8070535.stm

Portsmouth are close to being taken over by United Arab Emirates businessman Sulaiman Al Fahim, BBC Sport understands.

Al Fahim was the frontman for Abu Dhabi United Group when it took over Manchester City in September 2008.

He is believed to be a guest of Pompey owner Alexandre Gaydamak's at the Champions League final in Rome where the two held talks.

Pompey have yet to make any comment on a takeover of the club.

Gaydamak stated late last year that he wanted to sell the club.

He revealed he had rejected two offers for the south coast outfit as he wanted to sell to a buyer who would be committed to funding a new stadium and training ground for the club.

Gaydamak initially bought into Pompey as joint owner in January 2006 when he struck a deal with then-chairman Milan Mandaric.

He then bought out Mandaric, who now owns Leicester City, for about £32m.

Under the Franco-Russian's ownership the club won the 2008 FA Cup but he has said he can "no longer invest the time required to oversee the running of the club".

Bit of a joke now Kenwright lid. Sunderland and now Pomepy (again) are being taken over.

atrottel · May 27, 2009

That's what, three owners each in the last few years?

Worked out well for them, hasn't it?

BK out.

Azzbot · May 27, 2009

Well, you win the FA Cup and then get taken over a year later.....

Hmm.

:lol:

Barlows Boots · May 27, 2009

Kenwright's full of [Poor language removed]! "24/7" my arse!

davek · May 27, 2009

What, yet another one who doesn't fit the 'suitability' test. Good job Bill's such a great businessman as well as steward eh?

Wont be long now, 26/9.

kenada_blue · May 27, 2009

atrottel said:
That's what, three owners each in the last few years?

Worked out well for them, hasn't it?

BK out.

Thing is...the fellers that took over last got hit by the credit crunch and had to cut ties after they spent loads.

These new Arabs have money pouring out of their noses. The only way they'd bugger off is if they got bored.

davek · May 27, 2009

kenada_blue said:
Thing is...the fellers that took over last got hit by the credit crunch and had to cut ties after they spent loads.

These new Arabs have money pouring out of their noses. The only way they'd bugger off is if they got bored.

Apparently these type of investors dont exist. That was the gist of a debate I had on here with someone a few months back. All leveraged buyouts looking to rape the club's they take control of I was told. :unsure:

All academic, of course, as they're not suitable for us anyway. Bill's looking for a billionaire who was born in Gwladys Street, is a long lost relative of George Mahon, and has a penchant for West End musicals. It'll take a bit longer than usual for us then. 26/9 and all that. But the man's a Trojan, he'll find one.

uknightbreed · May 27, 2009

not being funny or anything but pompey being bought out again has surely blown apart kenwrights excuse of the recession being the cause of a lack of investment.

kenada_blue · May 27, 2009

uknightbreed said:
not being funny or anything but pompey being bought out again has surely blown apart kenwrights excuse of the recession being the cause of a lack of investment.

And its hot off the back of Sunderland having a meaty shareholder from the US of A staking a massive claim and buying out the club....and it rumoured to be giving them a £40-50million summer budget.

Neiler · May 27, 2009

Phew, for a second there i thought it was us!

Desaparecido · May 27, 2009

"Gaydamak had earlier stated that he had rejected two offers for Pompey, as he wanted to sell to a buyer who would be committed to funding a new stadium and training ground for the club."

OK. That's sound.

PORQUE?!

Desaparecido · May 27, 2009

Davek you must be even more fuming than normal about this mate.

davek · May 27, 2009

Desaparecido said:
Davek you must be even more fuming than normal about this mate.

No more than usual. I've accepted that whilst Kenwright is in charge we'll remain potless and unable to compete for the top honours that a club like ours should be challenging for: CL and Premier League. Hopefullly the Kirkby decision goes against his board's wishes, at which point he wont be able to dodge fate any longer.

It's all good. (y)