Portsmouth keep on changing the owners

English Premiership team, Portsmouth got a new owner, Saudi magnate Ali al-Faraj, who promised financial stability and better future.

New owner took Portsmouth over from Sulaiman Al Fahim, who after only six weeks decided to sell 90% of the shares to al-Faraj's company "Falcondrone Limited"
According to the club officials, Al Fahim will keep 10% of the shares, while Saudi magnate will become the major holder after the approval of Football Association.