Home news Portsmouth FC: Michael Eisner completes takeover of League One club

Portsmouth FC: Michael Eisner completes takeover of League One club

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Former Walt Disney chief executive Michael Eisner has completed his takeover of League One Portsmouth.Eisner, 75, and his Tornante investment group offered £5.67m to buy 100% of the club and will invest an extra £10m.”My family and I are thrilled to take on this incredible responsibility as stewards of a football club with such a rich heritage,” Eisner said.

The Pompey Supporters Trust previously owned 48.5% of the club’s shares with the rest shared among 16 ‘presidents’.More to follow.
Source: BBC Hampshire