Portsmouth acquired by Arab businessman
01:06:09 · Business and Management 1222 Readers · · 2 Comments
Dr. Suleiman Al-Fahim is the new owner of Portsmouth FC. The former club owner Sacha Gaydamak has accepted the proposal of the entrepreneur from Dubai and sold the club in southern England for a value of around 68 million Euros. Gaydamak had bought the club in 2006 to its former owner Milan Mandaric, the Portsmouth crosses however immense financial difficulties in recent months Gaydamak was desperate to sell the club. Of the 68 million euros paid by Al-Fahim, 45 million euros will go directly to the payment of part of the club's debts, which in total reach to 75 million Euros.
Businessman Al-Fahim is a 31 year board member of the Abu Dhabi United Group, which is about a year purchased the Manchester City, where business had a role. Al-Fahim was that after buying the City Sheik Mansour said the club was willing to pay 150 million euros to buy Cristiano Ronaldo, yet it was this speech that put him in the administration of Manchester City, for passing the idea that Mansour had no problem in spending fortunes on the acquisition of players.
Portsmouth was purchased through the company of Al-Fahim "Al-Fahim Asia Associates" which comprises many investors unknown, however a week of being brought into the Premier League new regulations regarding the purchase of clubs, Richard Scudamore, chief executive of the League has informed the company of Al-Fahim will be investigated with the aim of which reveal the names of the investors behind the operation.
Noted that these new rules are part of the recommendations that British MPs did, grating in the way that English football was to be taken in respect of purchases by wealthy foreigners .
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It's the new fashion and oxygen flask of European clubs. When is attacked any of the three big clubs in Portugal? Q will happen if I believe in Porto Benfica because the strong leadership of Pinto da Costa and later his successor will not permit it, not to mention the diehard fans. Would happen if heads roll
Dear Andrew,
Do you think the Benfica fans were going to let that happen?! I do not think ... and fans of Benfica, are the fiercest there too ...!
But in the future, no clubs quoted on the stock exchange will be free ... but according to some information, which has left the press, the club more attractive to potential investors / buyers, is Benfica!
In this regard, I have no doubt!