Portsmouth Takeover Nearing Completion - Report
The process should reach its conclusion by mid-July...

Portsmouth's takeover by Abu Dhabi-based billionaire Sulaiman Al Fahim is nearing completion, and the club should be in the tycoon's hands by mid-July, according to a report from Sky Sports.

The businessman will reportedly meet with the Portsmouth Supporters Club on July 11 to outline his plans for the club, making Pompey the second team to be owned by interests from the United Arab Emirates, after Manchester City were bought by the Abu Dhabi Group last year.

Dr. Al Fahim helped broker that deal, and it was reported recently that his bid for Pompey could be jeopardised by his connections with City, though it was later clarified that he held no position on the Eastlands board.

The Fratton Park faithful will be keen to see the takeover completed in order for the club to begin using some of its new owner's vast wealth in the transfer market, and assure established players such as Peter Crouch about the positive future at the club.

Source: http://goal.com/en/news/9/england/2009/06/...mpletion-report

i think the deal is collapse due thanksirn invovled