Pompey refinancing on track despite Al Fahim op
Portsmouth: Portsmouth owner Sulaiman Al Fahim`s attempt to revive the financially stricken Premier League club remains on course despite the Arab tycoon needing an operation to remove kidney stones.
Al Fahim`s spokesman Ivo Gabara confirmed on Friday that the Portsmouth owner is suffering from a kidney infection and was rushed to hospital in Dubai on Thursday.
Portsmouth were forced to reveal on Thursday that the club`s players had not been paid on time this month because of "a delay in the transfer of funds" after banks demanded TV receipts and profits from the last transfer window, meaning Al Fahim needed to refinance the club.
However, the club`s board, comprising Peter Storrie, Tanya Robins and Roberto Avondo, claimed to be in the final stages of securing funding to pay the players` wages this week.
And Gabara claimed Al Fahim`s advisers were working closely with chief finance officer Robins to ensure that a loan of 50 million pounds (54 million euros) was "disbursed on schedule over the next three to four weeks".
"This will not have any impact on the refinancing or management of Portsmouth," Gabara said.
Portsmouth are bottom of the Premier League after losing their opening seven matches - the worst start by an English top-flight team for 79 years.
More from India
More from World
More from Sports
More from Entertaiment
- Will Shiv Sena join hands with Congress to stop BJP from entering BMC?
- Watch: PM Narendra Modi addressing rally in Imphal
- Coimbatore: PM Narendra Modi unveils 112-foot tall bust of Lord Shiva
- Panel discussion on Farooq Abdullah's remark on terrorists
- DNA: Why depression cases are increasing rapidly in India?
- WATCH: Kieron Pollard's epic celebration after destroying Lahore Qalandars in Dubai
- Indian doctor rescued from ISIS recounts horror, says 'they forced me to watch videos, shot me thrice'
- Ind vs Aus: Mohammed Azharuddin says Jayant Yadav and Ishant Sharma should be replaced in next Test
- Mitchell Johnson takes a dig at Anil Kumble over calling Steve O'Keefe 'steady'
- India vs Australia, 1st Test, Day 3: As it happened...