Portsmouth have refuted claims that Thaksin Shinawatra is connected to the takeover of the Fratton Park club.
A report in The Sun on Saturday morning suggested the proposed takeover of the club was set to be investigated by The Premier League amid suggestions Shinawatra was connected to the deal.
Portsmouth have acted swiftly by issuing a statement denying that former Manchester City owner Shinawatra is connected to the deal.
”Following misleading articles in today’s press, Portsmouth FC would like to confirm that neither Dr Thaksin Shinawatra nor his advisor Pairoj Piempongsat are involved in funding Dr Sulaiman Al Fahim’s bid to buy the club,” read a statement on the club’s official website.
"A representative of Dr Sulaiman Al Fahim met with Premier League officials last week and confirmed that he is the sole purchaser of the football club and this will be verified by his lawyers.”
"Pompey executive chairman Peter Storrie met Pairoj Piempongsat during his time at Manchester City some two years ago. Pairoj subsequently introduced Mr Storrie to Dr Sulaiman Al Fahim and that is the extent of his involvement in the proposed takeover.
"The due diligence process for the purchase of the club is continuing well and should be completed by early July."
It was also claimed Sir Dave Richards has had a role to play in the deal, but this has been refuted by the club.
The statement added: "Sir Dave Richards has had no role to play in the proposed takeover, other than providing advice in his role as chairman of The Premier League and to suggest otherwise undermines the excellent work he does in his position."