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Al Fahim ready to transfer Portsmouth shares to supporter Trust

Sulaiman Al Fahim plans to give his 10 per cent of Portsmouth to fans after resigning as chairman.

The Dubai-born businessman penned an angry resignation letter to the Pompey board claiming he was sidelined and did not have enough information to approve a legal document on the club's finances, says the Daily Mail.

Colin Farmery, of the Portsmouth Supporters Trust, told The News: "I spoke to him just before 9 this morning. He's going to resign and intends to pass on his 10 per cent stake of the club to the supporters trust.

"I think he's looking to be involved as a fan. I think clearly Mr Al Fahim's decision relates on his part to a lot of frustration in terms of what has gone on at Fratton Park over the last few months.

"I can fully understand why he would want to resign. I think we are all waiting and keeping our fingers crossed that a new owner will be the real deal."

Farmery revealed there had been talks since November over the trust taking on Al Fahim's shareholding, but said a deal had not yet been decided.

"At the moment nothing is signed, sealed and delivered," he said. "This is very much something that is still in negotiation and ultimately will be something that the Trust will need to make a decision on.

"Clearly a 10 per cent stake in a football club has got to have some significance and as a Trust our remit is to act in the best interests of the club."

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