Portsmouth have confirmed they have accepted Sulaiman Al Fahim's resignation as non-executive chairman.
Al Fahim announced on Monday that he was to stand down from the board and give his 10% shareholding to the Portsmouth's Supporters' Trust.
Portsmouth director of communications Gary Double confirmed: "We have received his resignation, which has been accepted by the board."
However the club are mystified as to why Al Fahim posted his 'private and confidential' resignation letter on a public website before informing the club of his intentions.
Al Fahim's resignation was posted on www.arabianbusiness.com and the former board member claimed he had not been made aware of the club's financial situation despite repeated requests.
The Dubai businessman was one of four people to have owned the ailing Barclays 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% stake in the club and was also given the position of non-executive chairman at Fratton Park.
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