this is just ridiculous, all these arabs coming and buying theses English clubs is getting old... add Portsmouth and Manchester city to be top contender as well 
Portsmouth have accepted a bid from businessman Dr Sulaiman Al-Fahim to buy the club.
The man at the centre of the Manchester City takeover, Dr Sulaiman Al Fahaim, has had an offer to buy Portsmouth accepted.
Al Fahaim was the initial figurehead of the Abu Dhabi United Group when they took control of the Eastlands club in the summer, but is no longer involved and has instead moved to make his own Premier League investment.
With his offer having now been accepted by the south coast side, a period of formal legal and financial due diligence will commence next week, with a view to completing the transaction as quickly as possible.
due diligence
A statement on the club's official website read: "Portsmouth Football Club can confirm that it has accepted an offer from Dr Sulaiman Al Fahim to buy the club.
"This follows initial due diligence and negotiations with Portsmouth executive chairman Peter Storrie on behalf of club owner Alexandre Gaydamak.
Peter Storrie concluded the deal with Dr Sulaiman Al Fahim in Rome on Tuesday night."
Portsmouth have accepted a bid from businessman Dr Sulaiman Al-Fahim to buy the club.
The man at the centre of the Manchester City takeover, Dr Sulaiman Al Fahaim, has had an offer to buy Portsmouth accepted.
Al Fahaim was the initial figurehead of the Abu Dhabi United Group when they took control of the Eastlands club in the summer, but is no longer involved and has instead moved to make his own Premier League investment.
With his offer having now been accepted by the south coast side, a period of formal legal and financial due diligence will commence next week, with a view to completing the transaction as quickly as possible.
due diligence
A statement on the club's official website read: "Portsmouth Football Club can confirm that it has accepted an offer from Dr Sulaiman Al Fahim to buy the club.
"This follows initial due diligence and negotiations with Portsmouth executive chairman Peter Storrie on behalf of club owner Alexandre Gaydamak.
Peter Storrie concluded the deal with Dr Sulaiman Al Fahim in Rome on Tuesday night."
