New Pompey owner ready to spend big

Portsmouth's new owner Ali Al-Faraj has confirmed the club will be making a big splash in the January transfer market.

Billionaire Al-Faraj has taken control of the Fratton Park outfit after his company Falcondrone Limited bought a 90 per cent stake from Sulaiman Al-Fahim.

The deal will come as a huge relief to Pompey's players, who have now received their September pay packets, and manager Paul Hart.

Al-Faraj's lawyer Mark Jabob told The News: "There is going to be substantial investment.



"We were ready to invest and push things forward six weeks ago so that was a missed opportunity. However, there will be funds available in January to ensure we are not at the wrong end of the table come the end of the season.



"Both (the training ground and new stadium) are part of our plans but the most important thing after this difficult period for everyone at the club is to achieve some stability.



"We will be working closely with the executive board and senior management on all aspects of the club's infrastructure and our goal is to improve every area of the business both on and off the pitch."



Portsmouth chief executive Peter Storrie, who initially backed Al-Faraj's bid in August, is delighted and looking forward to the future at Fratton Park.



"Ali Al-Faraj wants to take the club forward.



"He wants to build a stadium and training ground and obviously he's got to fight a few fires for the next week or two and put them out.



"Obviously he will look at the team and move the team forward I'm sure come the January transfer window."