Saturday, July 24, 2010

Sulaiman al-Fahim resigns as Portsmouth"s non-executive authority Football

Sulaiman al-Fahim

Sulaiman al-Fahim owned Portsmouth for 43 days. Photograph: Frances Leader/Action Images

Sulaiman al-Fahim, the man who acquired Portsmouth from Alexandre Gaydamak at the begin of the season, has quiescent as the club"s non-executive authority and settled that he will give his 10% shareholding to the Pompey supporters trust.

"This is a village bar and should be owned by the fans and supporters," Fahim told the Guardian. "They should be concerned and have full clarity in their club. The supporters should have a contend in it. And the bar should be managed with monetary transparency."

Portsmouth had voiced warn at the proclamation of Fahim"s depart as they are nonetheless to listen to from the 32-year-old without delay but have supposed his decision.

Club officials are, though, thought to faraway at Fahim"s timing and his settled goal to give his shareholding to the supporters certitude as it is accepted that the South African consortium meddlesome in shopping the bar instruct to squeeze 100% of shares.

Fahim"s regard at the club"s monetary government is additionally causing fluster as there is a perspective on the south seashore that as owners for 43 days this season, he contingency bear a little shortcoming for Portsmouth"s unsafe predicament.

The bar are due in the high justice subsequent Monday, when the Her Majesty"s Revenue and Customs winding-up apply to will be heard. Portsmouth"s 112-year story could be finished then.

A abdication minute from al-Fahim to Portsmouth has been published on the arabianbusiness.com website

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