MX23RW : Tuesday, October 23 03:52:47

Michael Eisner completes Portsmouth takeover

Portsmouth confirm that the Tornate investment group, led by former Walt Disney chief executive Michael Eisner, has completed its takeover of the club.

Portsmouth have confirmed that Michael Eisner's Tornante Company has completed its takeover of the League One club.

The former Walt Disney chief executive entered negotiations over purchasing the club earlier this year, and the £5.67m deal for 100% ownership has now been officially confirmed.

Eisner will invest an extra £10m in addition to the takeover fee, while his three sons Breck, Eric and Anders have been appointed to the Portsmouth board.

"My family and I are thrilled to take on this incredible responsibility as stewards of a football club with such a rich heritage," Eisner told the club's official website.

"We have come to know the Pompey community in recent months and we are extremely impressed by their passion, dedication and love for their club."

Portsmouth CEO Mark Catlin added: "We have been on a remarkable journey and one that everyone associated with this amazing club should rightly be proud of. It has been an honour and privilege for me personally to represent Pompey and our incredible fans during this time.

"Now we embark on an exciting new chapter in the club's history and one that, under the stewardship of Michael Eisner, his family, Andy Redman and the Tornante group, I am totally confident will continue to build on the strong foundations that have been built over the past four seasons."

Portsmouth was previously shared between the Pompey Supporters Trust and 16 other 'presidents'.

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A general view of Fratton Park prior to the Sky Bet League Two match between Portsmouth and Northampton Town at Fratton Park on December 29, 2013
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Tables
TeamPWDLFAGDPTS
1Portsmouth14103124111333
2Sunderland1476126131327
3Peterborough UnitedPeterborough1483330201027
4Accrington StanleyAccrington147521813526
5Doncaster RoversDoncaster147432419525
6Barnsley136522391423
7Luton TownLuton146531915423
8Walsall136431514122
9Charlton AthleticCharlton136342118321
10Coventry CityCoventry146351314-121
11Fleetwood Town145542113820
12Blackpool13481149520
13Southend UnitedSouthend146261818020
14Burton Albion135261617-117
15Scunthorpe UnitedScunthorpe144552229-717
16Rochdale144462128-716
17Wycombe WanderersWycombe143651721-415
18Shrewsbury TownShrewsbury142661115-412
19Gillingham133371825-712
20Bristol Rovers14257913-411
21AFC Wimbledon143291020-1011
22Oxford UnitedOxford Utd142481323-1010
23Bradford CityBradford1431101022-1210
24Plymouth ArgylePlymouth141491125-147

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