Saudi businessman Ali Al-Faraj has completed his takeover of Portsmouth, the club confirmed tonight.

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Portsmouth executive chairman Peter Storrie revealed the club must “sell to keep going” with delays continuing over Sulaiman Al Fahim’s proposed takeover.

Dubai-based businessman Sulaiman Al Fahim was today given the green light to complete his takeover of Portsmouth after passing the Premier League’s stringent fit and proper persons test.

Premier League chairman Dave Richards has warned the impending takeover of Portsmouth will fail if former Manchester City owner Thaksin Shinawatra is involved.

The man at the centre of the Manchester City takeover, Dr Sulaiman Al Fahim, is on the verge of buying Portsmouth after the club announced last night they had accepted an offer from the billionaire businessman.

The man at the centre of the Manchester City takeover, Dr Sulaiman Al Fahim, has had an offer to buy Portsmouth accepted.

IF this really was Tony Adams’ swansong as Portsmouth manager, an embarrassingly hapless display provided a suitably ignominious epitaph.

Tony Adams has been told he does not have to sell any of his squad in January after Portsmouth owner Alexandre Gaydamak put the club up for sale.

PORTSMOUTH owner Alexandre Gaydamak last night insisted there will be no player clear-out as a result of his decision to put the club up for sale.

Portsmouth FC owner Alexandre Gaydamak today confirmed he is hoping to sell the club.

TONY ADAMS has warned Portsmouth owner Alexandre Gaydamak that he will quit as manager if the club sells Jermain Defoe — or any other players he wants to keep — in the January transfer window.

Tony Adams is determined to remain at Portsmouth for the long term despite continued speculation regarding a takeover of the south coast club.

Portsmouth could become the latest Premier League club to change hands amid reports that owner Alexandre Gaydamak has held talks with South African mining giant Central Rand Gold.

SAM ALLARDYCE has emerged as the favourite to become Portsmouth’s new manager after Harry Redknapp’s sudden departure on Saturday night.

Portsmouth have rejected claims they were forced to 'sell' Harry Redknapp to Tottenham after reportedly agreeing a £5m (€6.2m) compensation payment.

Portsmouth have expressed their disappointment at the departure of Harry Redknapp for Tottenham Hotspur.

Portsmouth are adamant there is no dispute over Alexandre Gaydamak’s ownership of the club and say they are “surprised” the Premier League have decided to seek further clarification of the matter.

Portsmouth are set to end their 108-year stay at Fratton Park after unveiling plans for a new 36,000-seater stadium.

Portsmouth manager Harry Redknapp has admitted his “surprise” at club vice-chairman David Chissick’s resignation – just a few months after being appointed to the board of directors by new owner Alexandre Gaydamak.

The businessman who helped Alexandre Gaydamak buy Portsmouth last year has resigned from the board at Fratton Park.

Portsmouth manager Harry Redknapp is waiting to find out from owner Alexandre Gaydamak how much he has to spend in the new year.

Alexandre Gaydaak has taken full control of Portsmouth having agreed a deal for chairman Milan Mandaric’s remaining shares.

Alexandre Gaydamak has assumed full control of Portsmouth. Milan Mandaric will continue as non-executive chairman.

Portsmouth are still refusing to confirm their interest in Chelsea’s out-of-favour right-back Glen Johnson – but the 21-year-old looks set to become manager Harry Redknapp’s first signing of the summer.

Portsmouth chairman Milan Mandaric has pledged to stay at Fratton Park next season, raising hopes of manager Harry Redknapp agreeing a new contract.

Portsmouth manager Harry Redknapp has confirmed he wants to negotiate a new deal for next season with club owners Milan Mandaric and Alexandre Gaydamak.

Portsmouth are on the brink of offering manager Harry Redknapp a new contract - whether they stay up or are relegated.

Fans are still in the dark about Portsmouth’s plans for their new stadium redevelopment at Fratton Park after officials stayed silent over lack of progress.

Portsmouth have completed the signings of Sean Davis, Pedro Mendes and Noe Pamarot from Tottenham.

Portsmouth chairman Milan Mandaric has confirmed new co-owner Alexandre Gaydamak will become a director of the club next week after investing £20m (€29m) in Pompey.

ALEXANDRE GAYDAMAK chose his first public appearance as Portsmouth’s new co-owner to warn supporters: ‘Don’t compare me with Roman Abramovich.’

Portsmouth’s new co-owner Alexandre Gaydamak moved to reassure fans and the Premier League by stressing his investment in the club had nothing to do with his father Arcadi.

Alexandre Gaydamak has been confirmed as Portsmouth's new co-owner in a statement on the club's website.

Laurent Robert swapped the grind of a relegation dogfight for the glamour of Champions League football by signing for Portuguese giants Benfica on a free transfer.

PORTSMOUTH’S new investor Alexandre Gaydamak has dreams of making Portsmouth one of the biggest clubs in the country.

PORTSMOUTH chairman Milan Mandaric has assured manager Harry Redknapp his job is safe after striking an agreement in principle with a Russian billionaire’s son over the club’s future shareholding and development.

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Businessman Alexandre Gaydamak is set to become joint owner of Portsmouth after striking a deal with chairman Milan Mandaric.