Update: Pompey confirm Paul Hart as permanent manager.

Sulaiman Al Fahim is set to complete his takeover of Portsmouth FC after the club confirmed that a deal had been reached with the UAE businessman, who has also passed the Premier League’s moneybags fit and proper person test.

The delay in the takeover had been due to the financial due diligence being conducted by Al Fahim’s people, which was also completed last week.

Al Fahim now takes over as Porstmouth chairman and his first task will be to try to make sure he can hold down any players entertaining thoughts of leaving and then rebuild the team for next season.

Another pressing matter that Al Fahim will look into is the construction of a new stadium, something that the previous owners had planned to do but delayed due to financial constraints.