Al Faraj takes over Portsmouth

Saudi Arabian property magnate Ali Al-Faraj completed his takeover of English club Portsmouth yesterday, ending Sulaiman Al-Fahim\'s brief and troubled ownership.



Less than six weeks after buying Portsmouth, owner Al-Fahim sold 90 per cent of his stake in the financially troubled club to a consortium led by Al-Faraj.



Al-Fahim, who only took over Portsmouth in late August, had been attempting to refinance the club after banks demanded the television receipts and profits from the last transfer window.



Uncertainty over Al Fahim\'s refinancing plans grew last week when players were not paid.