Al Fahim confirms he’s back with a bid to buy Pompey

Sulaiman Al-Fahim
Sulaiman Al-Fahim
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FORMER Pompey owner Sulaiman Al Fahim has confirmed he is part of a Middle East consortium that has submitted an offer for the club.

Mr Al Fahim confirmed on Twitter today that he is involved in the bid, which was submitted to the club’s administrator PKF at the end of August.

He added: ‘Time is so important for Pompey. Hopefully we can open UK bank account before the deadline and be part of the bid.’

The News reported how the consortium sent an offer letter to administrator Trevor Birch and has submitted around £12.5m in an escrow account.

The bid aims to pay off unsecured creditors in full, buy the club’s assets, complete the Football League’s Fit and Proper Person Test criteria, and welcome the Pompey Supporters’ Trust to invest and buy shares in the club – if interested.

But administrators PKF reiterated today the group needs to provide more clarity to its funding before they can take the bid further.

Balram Chainrai’s Portpin and the trust remain front runners as look to finalise their bids before Mr Birch’s deadline on Friday.