Portsmouth takeover under threat from Premier League investigation
Published 00:00 19/07/09 By Exclusive by Paul Smith
Sulaiman Al Fahim's projected takeover of Portsmouth is under threat from a Premier League investigation.
The Abu Dhabi-based property tycoon has submitted all the relevant documentation required to pass the Premier League's 'fit and proper person's test' and expects to be given the all-clear tomorrow.
However, the League want further clarification about misleading statements from Al Fahim.
Al Fahim had initially claimed that the takeover would be funded by a group of Middle Eastern and Asian investors, which raised concerns over a possible link with disgraced former Manchester City owner Thaksin Shinawatra.
Later it was claimed Falcon Equity, a Swiss-based private-equity partnership, which has a number of European investors, was the vehicle being used to purchase the club.
To add further confusion to the buy-out, Al Fahim eventually claimed he was the sole investor and would finance the deal with his own cash.
Officials at Portsmouth expect the takeover to be completed early this week.
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