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Portsmouth and Newcastle Find Short-Term Prospects Hampered by Takeover Talks

Both clubs are hoping new owners will revive their fortunes. But while negotiations continue to eat into the summer transfer window, the short-term impact could be more negative than positive…

Uncertainty at both clubs is beginning to affect the players (Photo: Getty)

Uncertainty at both clubs is beginning to affect the players (Photo: Getty)

In general, a takeover brings positive results to the football club involved.

Transfer budgets and ambitions are increased, as a new chairman comes in and approves the purchase of expensive new signings who invariably help the team to dramatically improved league positions.

But, by the same token, a takeover can bring many problems to a previously stable club. If a takeover drags on and takes a while to complete — particularly during the vitally important summer months, where fresh talent must be recruited for the new campaign — it can spell disaster for a club’s short-term prospects.

That is the fear that currently grips Premiership club Portsmouth, and recently relegated Championship outfit Newcastle United.

While Newcastle seemed to be paralysed by owner Mike Ashley’s failure to sell the club this summer, Dr. Sulaiman Al-Fahim’s protracted negotiations over the purchase of Portsmouth have resulted in the South Coast club losing a lot of ground in the transfer window.    

Star player Glen Johnson has already moved to Liverpool in the transfer window, with the £17 million fee helping to alleviate the club’s existing financial concerns — concerns held over by the outgoing regime.

The right-back’s move has also gone some way to assuaging Al-Fahim’s fears about the economic integrity of the club he proposes to buy, as the Middle East-based businessman finally completed due diligence of the club yesterday.

“The formal application for the fit and proper person test has been submitted to the Premier League and it is with them now,” said Ivo Ilic Gabara, Al-Fahim’s spokesman, after announcing due diligence had been completed. “The buying party, Fahim Associates, are now doing the final commercial assessment following the due diligence process.” Continue reading

July 14, 2009 Posted by | Sport, World Football | , | Leave a comment