Portsmouth's former owner Sulaiman Al Fahim launches new bid for Fratton Park club Fahim, whose previous spell in charge at Portsmouth in 2009 ended in chaos as he failed to raise the finance to complete the purchase from Alexandre Gaydamak, said on Twitter yesterday: "A Pompey fan is buying the club." The administrator has set a deadline of Friday for bids to be substantively delivered by parties interested in taking the insolvent club out of receivership. Despite his offer to engage with the PST, Fahim's bid might be considered unhelpful to the Trust's effort. Fahim, like the third bidder, Balram Chainrai, promises to pay the club's former players £8.8 million over four years as a "football creditor" compromise. If either or both Chainrai or Fahim remain involved in the takeover process on Friday the Trust will have to match their offers or risk losing out when the bids are put to a vote of all creditors. The Trust's takeover bid also offers almost £3 million to Chainrai in an effort to take over Fratton Park, which would currently default to Chainrai since he holds a loan secured against the club's freehold property.