Mar 22, 2017

Michael Eisner in talks to buy Portsmouth FC

Michael Eisner, the former chief executive of Disney, is in advanced talks to buy Portsmouth football club, becoming the latest international corporate magnate to seek an investment in English football. In 2007, alongside Madison Dearborn Partners, the private equity group, Mr Eisner bought Topps, a trading card company that has a licensing deal with several US professional leagues and the English Premier League, in a deal worth $385m. At the time, Mr Eisner told the Financial Times that he had become a fan of English football after watching Arsenal play. Several wealthy individuals and major international corporations have sought takeovers of English football clubs in recent years, although most have focused on the Premier League, the wealthy top division. Portsmouth FC said in a separate statement: "If we reach a point where such an offer of investment into the club is made, then ultimately it will be for all our shareholders - of which the PST is the single largest - to decide whether such new investment would be in the club's best interest."

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