(CNN) -- Middle-Eastern investment is continuing apace in the English Premier League despite the tough economic climate, with Dubai-based Sulaiman Al Fahim completing his long-awaited takeover of Portsmouth. 

Sulaiman Al Fahim has continued his interest in English football with a buyout of Portsmouth. 

Al Fahim, a board member of the Abu Dhabi United Group which bought out Manchester City a year ago, has been named chairman of the cash-strapped club after passing the EPL's "fit and proper" ownership test. 

He replaces Alexandre Gaydamak, who became co-owner of the south-coast club in January 2006 and took over full control six months later. 

Gaydamak initially invested a lot of money in Portsmouth, but with the economic downturn taking its toll, he announced last December he could no longer devote enough time to the club. 

Al Fahim, who spearheaded the City takeover before Sheikh Mansour bin Zayed Al Nahyan emerged as the main backer, struck a deal with Gaydamak in late May before undergoing legal and financial due diligence. 

The subsequent uncertainty at Fratton Park saw full-back Glen Johnson join Liverpool in a $28 million deal, while England team-mate Peter Crouch has been allowed to talk to other clubs after voicing his unhappiness. 

"This appointment brings stability to the club and is excellent news for Pompey supporters," chief executive Peter Storrie, who will retain his position, told Portsmouth's official Web site on Tuesday. 

"I have every reason to believe that together with the new chairman we will be able to take the club forward to further achievements, building on the successes of the past three years." 
Which group bought out Manchester City last year?
Who is Al Fahim?
Which area of the world is investing in English football?
What does EPL stand for in the article?
Who does Al fahim replace?
When did he make a deal with Gaydamak?
How much was Glen Johnson's deal?
Who is Peter Storrie?
Who passed the EPL's test?
Is Peter Crouch happy about the current state of affairs?
the Abu Dhabi United Group
 the Abu Dhabi United Group 
a board member
a board member
The Middle-East
Middle-East
English Premier League
English Premier League
Alexandre Gaydamak
 Alexandre Gaydamak
in late May
in late May
$28 million
$28 million
chief executive
chief executive
Al Fahim
Al Fahim
No
voicing his unhappiness. 