Bloomberg reports that it is believed a group including Portsmouth Chief Executive Peter Storrie’s and backed by Ali al-Farai, a member of one of the oil-rich state’s wealthiest families, is the interested buyer.
Al-Fahim has not specified who he is in talks with yet, but has confirmed that they are happening and also that Al-Faraj will be on the Portsmouth board by October 6.
“His consortium will be a major shareholder. And I will keep a minority,” he told the Observer newspaper in an interview.
Portsmouth has sold £80 million worth of talent since January, sits bottom of the Premier League, and is struggling to pay players and top officials. It owes money to banks, the UK tax authorities and other clubs.
