Portsmouth Take Over And Online Betting Odds
27th August, 2009
Sulaiman Al Fahim, the Arab businessman, has finally taken over Premier League strugglers Portsmouth and has finally ended rumours about the club's future.
The buy-out is believed to have cost around £60m and 32-year-old Al Fahim, will become the new sole owner of the club.
Portsmouth has suffered a turbulent summer; especially when they were forced to sell some of their best players in order to reduce debts believed to have been around £44m. Pompey needed to put England internationals, Peter Crouch and Glen Johnson on the market in order to stay in business.
Al Fahim’s spokesman said "Sulaiman Al Fahim welcomes this agreement and looks forward to helping the club build on its impressive history,"
While Portsmouth issued a press release saying, "The chairman of the club would like to extend his gratitude to the players, staff and supporters of Portsmouth FC who have shown an extraordinary level of commitment and loyalty to this great club."
With the clubs future now secure, Portsmouth’s manager Paul Hart will now be aiming to steer his team out of the relegation zone. The club from the south coast have lost their first three league games of the season and only scored one goal.
Portsmouth’s next match will be against Manchester City at Fratton Park on Sunday. Al Fahim was heavily involved in the Abu Dhabi United Group’s takeover of Manchester City last year, however he no longer has any involvement at Eastlands.
To be relegated from the Barclays Premier League this season, Portsmouth is 4/5 with bet Fred and 8/13 with Ladbrokes.
By Dane
