Mar 24, 2017

Portsmouth and ex-Disney CEO Michael Eisner to hold exclusive takeover talks

Portsmouth are to enter into exclusive discussions with former Walt Disney chief executive Michael Eisner about a potential takeover of the club. Reports of Eisner, 75, and his Tornante Investment Group's interest in the League Two club emerged on Monday. Portsmouth have been a fan-owned club since exiting administration in 2013, with the Pompey Supporters' Trust owning 48% of its shares. During negotiations, Eisner is expected to explain his future strategy and plans for the club to all shareholders. Who is Michael Eisner? Eisner's net worth was put at $1bn by Forbes in 2015.He headed up Walt Disney for 21 years before leaving with 14.3 million shares.

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