Sulaiman Al Fahim is to stand down as non-executive chairman of Portsmouth and will give his 10 per cent shareholding to the supporters' trust.
Asked by Reuters whether he had resigned from his position and given away his shares, Fahim said: "Yes". The businessman is one of four people to have owned the ailing Premier League club this season, having taken over from Sacha Gaydamak last summer before selling Pompey to Ali Al Faraj.
Despite relinquishing ownership to Al Faraj, he retained a 10 per cent stake in the club and was also given the position of non-executive chairman at Fratton Park.
However, Al Fahim has now decided to step down and has passed on his stake in the division's bottom club to the Portsmouth Supporters' Trust.
Pompey could soon have a fifth owner of the campaign after chief executive Peter Storrie revealed on Sunday evening that he is waiting to receive proof of funds from a South African consortium. Portsmouth expressed surprise at Fahim's intention to quit the club.
Portsmouth Director of Communications Gary Double told Press Association Sport: "This is news to the club. We have not been informed of Sulaiman's intention to resign from the board. It is a surprise."
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