Portsmouth confirm Al-Fahim takeover

LONDON: Portsmouth became the second Premier League club to be owned by investors from the United Arab Emirates on Tuesday when they confirmed a takeover led by Sulaiman al-Fahim.

"The owners of Portsmouth Football Club are pleased to announce that an agreement in principle has been reached over the sale of the club to Al-Fahim Asia Associates," a statement on the club's website (www.portsmouthfc.co.uk) said.

Portsmouth also announced that Paul Hart had signed a two-year contract as manager after steering them clear of the relegation zone in a caretaker role last year.