Portsmouth poised for takeover

Portsmouth football club is set for a new takeover after owner Sulaiman Al Fahim has said he is to sell a majority stake in the club to a consortium spearheaded by Saudi tycoon Ali Al Faraj. Arab businessman Al Fahim only completed his protracted takeover of Pompey a few weeks ago, but has struggled to come up with the necessary investment. He is expected to retain a minority holding and a deal may be sealed early next week.