Rabbi Baruch Chalomish has been found not guilty by a Manchester Crown Court jury on two counts of intent to supply drugs discovered by police at his home in Salford and a Manchester city centre apartment.
Avram Grant is the favourite to become Portsmouth manager after Paul Hart was sacked on Tuesday.
The Israeli recently returned to the club as Director of Football, although he awaits a work permit, which is expected to before the weekend clash against Manchester United.
The match would see a fairytale return for Grant, should he be appointed manager, as it would give him the opportunity to avenge the 2008 Champions League final defeat in Moscow, when United beat Grant’s Chelsea on penalties.
The jury remains out at Manchester Crown Court after nearly five hours of deliberating whether Rabbi Baruch Chalomish and his co-defendent, Nasir Abbas, were indeed running commercial cocaine parties.
Summing up the case, Judge Michael Henshell directed the jury of five men and seven women to return only a unanimous verdict on each defendant's guilt over each count of possession of a controlled drug and possession with intent to supply cocaine.
The rabbi accused of financing a professional cocaine supply business, which involved prostitutes and run by a Muslim partner, is the "victim of a racial stereotype of rich Jew financing a poor Muslim".
That was the claim made by Rabbi Baruch Chalomish's defence barrister, Jonathan Goldberg QC, in his final speech to the jury in Manchester Crown Court today.
The former British ambassador to Libya, Sir Oliver Miles, has criticised the appointment of two leading Jews to the Iraq inquiry.
Sir Oliver drew attention to the appointment of Holocaust historian and Winston Churchill biographer Sir Martin Gilbert, and the war historian and ‘Blair doctrine’ architect Sir Lawrence Freedman, who advocated humanitarian intervention in Kosovo and Afghanistan.
The two men will be made privy counsellors in order to sit on the inquiry committee.
Admitting to snorting large quantities of cocaine and having sex with prostitutes, a rabbi accused of running a cocaine supply business told a court that he had taken kosher food with him to eat during a five-day drug binge at the Manchester city centre apartment where he was arrested.
Rabbi Baruch Chalomish has pleaded guilty to two counts of possessing cocaine, but denies two counts of possession of cocaine with intent to supply. He stands co-accused with a convicted drug dealer, Nasir Abbas, who has failed to attend the trial and is being tried in his absence.
Gordon Brown has revealed that he and his family are backing Stacey Solomon to win The X Factor.
The Prime Minister threw his support behind the Dagenham diva, who is the only girl left in the competition, after the controversial departure of Welsh warbler Lucie Jones.
Speaking on ITV’s This Morning, Mr Brown said he had been impressed by Stacey, before adding that he wished all the singers well, claiming he watches the show with his wife Sarah and sons John and Fraser.