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Last Updated: Tuesday October 06 2009 09:29 GMT

Takeover for troubled Portsmouth

Hassan Yebda (left) celebrates scoring against Wolves with Jamie O"Hara (centre) and Aruna Dindane

There's new hope for Portsmouth fans as their cash-strapped club has been taken over for the third time in two months.

A group led by Saudi businessman Ali Al Faraj now owns 90% of the club, and previous owner Sulaiman Al Fahim owns 10%, six weeks after his own takeover.

A club statement said: "The takeover will ensure Portsmouth's future is safe and will bring financial stability."

It will certainly be good news for the players after the club's cash crisis meant they had to miss out on wages.

Portsmouth's money problems were shown up last week when the club admitted players hadn't been paid in the run-up to Saturday's 1-0 win at Wolves.

Former Pompey owner Sulaiman Al-Fahim will keep a 10% share of the club
Former Pompey owner Sulaiman Al-Fahim will keep a 10% share of the club

The win was their first of the season, but still leaves Pompey at the bottom of the Premier League.

But fans will be hoping that the latest takeover could be a sign that things are looking up.

With their first win of the season under their belts and a promise from the club that everyone will be paid again, it looks like things can only get better for the troubled side.