Portsmouth have confirmed the
appointment Sulaiman Al Fahim as the club's new
chairman.
The proposed takeover of Portsmouth has been going on for a
number of weeks with rumours that the deal could fall through.
Al Fahim
struck a deal to buy Portsmouth from Alexandre Gaydamak
in late May before entering a period of legal and financial due
diligence.
Due diligence was completed earlier this month and the Premier
League revealed earlier on Tuesday that Al Fahim had passed their
fit-and-proper persons test.
The club have now officially confirmed a deal has been completed
with the Dubai-based businessman joining the Fratton Park board and
taking up the role of chairman.
"I very much look forward to working closely with the club's
management and supporters to develop Portsmouth Football Club and
deliver future success," Al Fahim told the club's official
website.
"The club has a long and fine history of achievement that I
intend to build on."
Peter Storrie, who will remain as chief executive at Pompey, believes
the deal will bring stability to the club.
"This appointment brings stability to the club and is excellent
news for Pompey supporters," said Storrie.
"I have every reason to believe that together with the new
chairman we will be able to take the club forward to further
achievements building on the successes of the past three
years."
skysports.