Takeover?

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Begining to think this is all a hoax or some kind of stunt, surely the media would have broken something on this by now!

If its not i think its Everton there are to many reasons why it couldnt be someone else.
 
It's Pompey, been reading about this guy making a bid for them at the start of this month so i'd be surprised if it wasn't now
 
exactly if there is nothing new by Thursday then we will know that it is most likely a hoax. There isn't exactly anything too report because there has been nothing newmaince the original statement. Anything new is just speculation. Although I am starting to believe this is all a big hoax aswell. It just doesn't seem right to me
 

This is from the 27th of May in the Telegraph


Portsmouth FC close to Arab takeover
Portsmouth are to become the second Premier League team with Middle East owners after Dr Sulaiman Al Fahim, the businessman who fronted the Manchester City takeover, had an offer accepted for the Hampshire club.

By Jeremy Wilson
Published: 10:36PM BST 27 May 2009

Selling up: Portsmouth's Russian owner Alexandre Gaydamak has been in charge at th club since January 2006 Photo: REUTERS
With loans of £44 million owing to Standard Bank and Barclays Bank, Alexandre Gaydamak, the current owner, had faced an urgent need to find a buyer this summer, with chief executive Peter Storrie admitting that the consequences of failure did not bear thinking about.

The deal is being done through Al Fahim’s new investment vehicle, Al Fahim Asia Associates, and is being structured by specialist international private equity and asset management firm Falcon Group.


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UAE move in for mystery Premier League clubIt is understood that the takeover will be worth around £55 million and largely involve paying off the club’s creditors, with Al Fahim, who is a billionaire in his own right, hugely ambitious about Portsmouth’s potential.

Pini Zahavi, the Israeli agent, has also been involved in facilitating negotiations, with Al Fahim and Storrie concluding the deal in Rome on Tuesday ahead of last night’s Champions League final between Manchester United and Barcelona.

“A period of formal legal and financial due diligence will commence next week so that so that the transaction can be completed as soon as possible,” a Portsmouth spokesman said.

Al Fahim, who was born in Dubai, largely accumulated his fortune as a property developer and has achieved added fame in the Middle East as the United Arab Emirates’ answer to Sir Alan Sugar on a popular reality television show.

He came to prominence in England last August with a series of extraordinary predictions for Manchester City, including an intention to make the club “bigger than both Real Madrid and Manchester United”.

However, while initially the front man for City owner Sheikh Mansour Bin Zayed Al Nahyan, he has not taken up any official position at the club. It is understood that he now intends to take an active role as Portsmouth chairman, working alongside chief executive Storrie.

The immediate priority will be to retain the core of a squad that includes David James, Glen Johnson, Sol Campbell, Peter Crouch and Niko Kranjcar. A decision will also have to be made regarding the manager, with Paul Hart expected to revert to his role at the academy and a higher-profile name, possibly Sven-Goran Eriksson, appointed for next season.

Al Fahim became a goodwill ambassador for the United Nations last year and it has also been suggested that he will use Portsmouth’s shirts to promote an anti-malnutrition campaign.

For Gaydamak, it brings to an end a three-year adventure in English football. Having paid around £32 million to buy Portsmouth from Milan Mandaric in 2006, he spent further millions to support Harry Redknapp in building a squad that won the FA Cup and recorded their highest league finish for 53 years. However, the success came at a cost.

Five facts about Sulaiman

He hosts an Apprentice-style reality show TV that pits American and British entrepreneurs against one another for a chance to work at his company.
He is a goodwill ambassador for the Intergovernmental Institution for the use of Micro-algae Spirulina Against Malnutrition.
A former international chess player, he is president of the UAE chess federation.
In a list of the world’s 100 most powerful Arabs, he was rated fourth.
He is the author of the best-seller Brand Builder and gained a PhD in Real Estate management in the US.
 

In the past two weeks we've gone in with 17mill bids for players Naughton - 5 mill , Defour - 12 odd. Hmm you do wonder where that money is coming from. Maybe even we bid for Delph who knows.

That said they do seem the typical Everton bids of a bit of cash, a few clauses and a curly wurly.

So who knows.

At least it seems theres a few sponds there for players.
 
Basil Fawlty said:
[Poor language removed], thought i'd solved the mystery there as well. Back to destroying my fingernails it is then
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Just do what I do.. I buy these plastic, colored fingernails in the stores and chew on them instead of my own.. they disappeared a while ago. (y)
 
Neiler said:
In the past two weeks we've gone in with 17mill bids for players Naughton - 5 mill , Defour - 12 odd. Hmm you do wonder where that money is coming from. Maybe even we bid for Delph who knows.

That said they do seem the typical Everton bids of a bit of cash, a few clauses and a curly wurly.

So who knows.

At least it seems theres a few sponds there for players.
Click to expand...
I can think of three alternative reasons:

1. The club has money for one big signing and first tried M'bia. When that failed they tried Defour.

2. Someone (Green?) has lent Bill some money for some reason.

3. The Lescott deal (or some other player) has been agreed in principal but has not been made public yet before the club can sign some players. Doesn't matter for City if they delay the signing a week or two, but for Everton it gives them time to sign someone first.

Oh, and fourth one:

4. Those bids are BS and the club hasn't made any real approaches. Has the club confirmed them?

Of course I hope someone rich has bought us and is bankrolling a spending spree.
 
Makis said:
I can think of three alternative reasons:

1. The club has money for one big signing and first tried M'bia. When that failed they tried Defour.

2. Someone (Green?) has lent Bill some money for some reason.

3. The Lescott deal (or some other player) has been agreed in principal but has not been made public yet before the club can sign some players. Doesn't matter for City if they delay the signing a week or two, but for Everton it gives them time to sign someone first.

Oh, and fourth one:

4. Those bids are BS and the club hasn't made any real approaches. Has the club confirmed them?

Of course I hope someone rich has bought us and is bankrolling a spending spree.
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Wel see mate, with commercial deals, Tv money and the possible increase in Europa Money its possible we may have a little more then usual to spend, time is the great leveler.
 

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