Portsmouth have their fourth owner of the season - and could have a fifth before the current campaign is over.
Balram Chainrai has assumed control from former owner Ali Al Faraj after exercising a clause in their agreement over a £17m loan made to the Saudi.
BBC Sport understands Chainrai is keen to sell once the club is stabilised.
Now Chainrai, 51, has taken charge after his company Portpin took over Al Faraj's 90% shareholding in the south-coast club.
"Chainrai has invoked a clause in a loan contract he struck with the club's third owner this year, Ali Al Faraj, giving him the right to take over 90% of the shares should they default on repayments to him," added Farquhar.
"He recently loaned the club £15m to £20m to help get them through their current financial crisis, which still isn't resolved.
Source: http://news.bbc.co.uk/sport2/hi/football/teams/p/portsmouth/8497491.stm
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