Devondale Investments, the current owner of the English premier league club Portsmouth FC, and Al Fahim Asia Associates Ltd. (AAA), a company fully owned by Sulaiman Al Fahim, one of the Abu Dhabi investors, have reached an agreement whereby AAA has become the new sole owner of the Club.
According the Financial Times, The club made losses of $27 million in the 2007-08 season, on turnover of $113 million and has loans of $58 million.
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