Monday 20 July 2009

Good luck required by Al Fahim

As first revealed in this Blog, Al Fahim has been struggling to pull together the funds to purchase Portsmouth FC and a provide a suitable transfer pot. The new Fit and Proper Persons test is expected to be overcome by Al Fahim - however as we previously reported, the FAPPT requirements have scared off his co-investors.

Al Fahim has faced a race against time to put a suitable package in place but believes he has the funds to purchase the club and just keep it out of the bottom three. He privately acknowledges that he requires some good luck to pull this off.

Al Fahim is aware that he is not able to fund the club himself long-term and requires further investors to subsidise the running of the club in a meaningful way. He hopes that he can attract some additional investment but acknowledges that this will only happen once he owns the club and the club are performing well.

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