Fit and proper?

The Premier League is looking to use its new fit and proper persons rule that is due for introduction next week on Portsmouth's new owner Sulaiman Al-Fahim.

The Dubai property investor has bought the club using his Al Fahim Asia Associates, which he describes as 'structured like a closed-end private equity fund', whatever that means. The problem with the purchase is that the people who are contributing the fund are unknown, and the Premier League are not happy about it. 'We should know and the public should know and the fans should know who owns their club,' said Richard Scudamore, chief executive of the Premier League.

'The money for the Portsmouth FC acquisition and the needed future investment has been raised through the network of Falcon Equity from Asian and Middle Eastern investors,' said Al-Fahim.

'Everything I have seen makes me sure that we can build a great football club in the years to come,' Al-Fahim said. 'Portsmouth has incredible history and its fans are some of the most loyal in the world of football. I look forward not just to working with them but listening to their views on how they want to take the club forward. I am the investor but this is their club and their community and it is a privilege to be taking charge.'

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