Portsmouth's Arab takeover on the verge of collapse
Published 19:05 16/08/09 By Exclusive by Alan Nixon
Portsmouth are on the verge of a major crisis - with Arab businessman Soulaiman Al Fahim's takeover on the brink of collapse.
And Pompey supremo Peter Storrie is hurriedly setting up talks with rival bidders and backers as the troubled club faces an uncertain future without new finance.
Al Fahim, the big-talking takeover wannabe, went to the Fulham game unannounced and left before the final whistle after hearing some chants aimed against him.
The takeover offer by the Arab, who comes from a wealthy background but has been seeking financial allies, may now be withdrawn in the next 48 hours.
Pompey are concerned about the process falling through, with Al Fahim telling them his money would be in place for weeks but with and no sign of it coming in to pay off their debts.
Boss Paul Hart, who knows Al Fahim planned to fire him, is now trying to cling on to his stars despite growing interest in David James and Sylvain Distin, whose wages may have to go off the payroll without new backing.
Experienced negotiator Storrie has been approached by other interest parties in recent days and there may be an emergency alternative plan put together in rapid time.





