Arrest warrant issued for Pompey chairman Sulaiman Al-Fahim

[avoidconfusion]

http://soccernet.espn.go.com/news/story ... nd&cc=5901

Dubai authorities have issued an arrest warrant for Portsmouth chairman Sulaiman al-Fahim over an alleged unpaid debt of £1.3 million.

Sulaiman Al-Fahim

GettyImages

Sulaiman Al-Fahim: Ex-Portsmouth owner

The former Pompey owner, who remains a 10% shareholder at the cash-strapped Premier League club, is wanted in court to settle a dispute with a fellow property developer and will be arrested if he returns to the United Arab Emirates.

An investor from Azerbaijan has demanded to be repaid after a development by Al-Fahim's Al Buraq Development and Investment company failed to go ahead.

According to Abu Dhabi newspaper The National, court documents show Al-Fahim has cleared his assets in the UAE and transferred all his local funds to undisclosed overseas locations.

Al-Fahim told The National: "I am not running away from this, I am in Moscow and am actually here as part of an official UAE delegation promoting the chess industry. My lawyers are currently handling the matter and I am positive it will be resolved very soon.

"First let's be clear this is actually a civil case and not a criminal case, and one that has been running for some time."

Al-Fahim bought Pompey from Sacha Gaydamak in August last year but sold the club just 42 days later after failing to raise the necessary investment to meet debt repayments and pay player wages.

Ali Al-Faraj then bought the ailing club form Al-Fahim and has since handed control Balram Chainrai after failing to meet the terms of a loan agreement with the Hong Kong investor.

[Mase]

I'm glad we fucked him off straight away!

[Original Dub]

Guess that means he won't be buying Messi, Torres and Kaka then...

[Wooders]

I can't find the original sun link but
The "sky's the limit" for Portsmouth after the takeover by Dr Sulaiman Al Fahim.

Al Fahim and his AAA consortium struck a shock £60million deal with Pompey in a secret meeting on Tuesday.

A source revealed to The Sun: "This is Portsmouth's wildest dream come true. The club was in a desperate financial mess but all the debt has been cleared in one huge swoop.

"This lot mean business. They have huge plans for the club and want to out-do Manchester City in the spending stakes.

"They'll transform Portsmouth into a real Premier force - the sky's the limit now."

Al Fahim's consortium made their sudden move this week and now plan to rebuild the Premier League strugglers from top to bottom.

And a brand new stadium, either on the existing Fratton Park site, or elsewhere in the city is under discussion.

The deal raises question marks over the future of current boss Paul Hart who is yet to sign a permanent deal.

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chuckle

[Ted Hughes]

Guess that means he won't be buying Messi, Torres and Kaka then...

Oh FFS you mean Ronaldo's coming??!!

[avoidconfusion]

What a crook that guy was. And he is hugely responsible for our negative image as well because of all the mouthing off he did when ADUG took over and he acted like he had any say and was going on about how we will buy Messi, Ronaldo, Torres etc.... hate that twat.

[walmai]

I'm glad we fucked him off straight away!

Yes, one international warrant and people might forget about it, but two? That'd be sloppy.

[Mark (Blue Army)]

Couldn't of happened to a nicer guy

[Dronny]

Rule #1: Don't fuck with Azerbaijani's, they will kill you

Rule #2: After killing you, they will then kill you a bit more

Serves the prick right

[Bianchi on Ice]

The chess industry? how many pies does this joker have fingers in?