Egypt's Ras El-Hekma Megaproject: Modon Holding Secures Key Partners for    Cairo Fashion & Tex Exhibition Opens with 550 Exhibitors    Egypt, UAE leaders witness launch of $150bn Ras El-Hekma Development Project    Egypt's current development financing portfolio hits approx. $28b    Russia's private sector activity contracts in September '24    Egypt's CBE auctions EGP 10b fixed coupon T-bonds    US to award $100m to advance AI in semiconductor manufacturing    8 Israeli soldiers killed in Hezbollah ambushes in Lebanon    Rapid regional developments impact economy: Prime Minister    Egypt's Environment Minister reviews updates of 'Safe Haven' project in Fayoum    WhatsApp Introduces Filters and Backgrounds for Video Calls    Cairo Urban Week Kicks Off October 27: A Celebration of Sustainability, Art, and Urban Development    Egypt's Environment Minister addresses local, regional sustainable energy challenges    Egypt, France discuss boosting cooperation in health sector    Korea Culture Week wraps up at Cairo Opera House    Spain's La Brindadora Roja, Fanika dance troupes participate in She Arts Festival    Colombia unveils $40b investment plan for climate transition    EU pledges €260m to Gavi, boosts global vaccination efforts    China, S. Korea urge closer ties amid global turmoil    ABK-Egypt staff volunteer in medical convoys for children in Al-Beheira    Egypt's Endowments Ministry allocates EGP50m in interest-free loans    Kabaddi: Ancient Indian sport gaining popularity in Egypt    Ecuador's drought forces further power cuts    Al-Sisi orders sports system overhaul after Paris Olympics    Basketball Africa League Future Pros returns for 2nd season    Egypt joins Africa's FEDA    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    Who leads the economic portfolios in Egypt's new Cabinet?    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Egypt records 36 new deaths from Covid-19, highest since mid June    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt sells $3 bln US-dollar dominated eurobonds    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Al-Fahim completes Portsmouth takeover
Published in Daily News Egypt on 28 - 08 - 2009

CAIRO: United Arab Emirates investor Sulaiman Al-Fahim has completed his takeover of Portsmouth, the English club announced on Wednesday.
Sulaiman Al-Fahim welcomed this agreement and looks forward to helping the club build on its impressive history and achieve new successes in the Premier League, the club said on their website.
Al-Fahim has already passed the Premier League s fit and proper test to become Pompey s new owner.
He succeeds Alexandre Gaydamak, who decided to sell the cash-strapped club after it endured numerous financial problems.
Portsmouth had to sell two key players in Glen Johnson and Peter Crouch, who joined Liverpool and Tottenham Hotspur respectively.
Al-Fahim made no secret of his desire to bring Amr Zaki, who spent last season on loan at Wigan Athletic, to Portsmouth despite Zamalek s insistence that he would stay put.
It remains to be seen whether Al-Fahim will pursue his interest in signing the Egypt striker.


Clic here to read the story from its source.