Takeover talk is back at top of Pompey agenda
Monday, 20th Mar 2017 21:53 by pompey-fans.com staff
Just when you thought it was safe to carry on talking about the League Two form book and what went wrong at Stevenage, takeover talk is back on the table at Pompey.
The News has revealed today that former Walt Disney Corporation chairman Michael Eisner wants to buy PFC.
Fans have given a mixed reaction, with some welcoming huge investment from a man who seems to be genuine and clearly has real wealth behind him, and others being much more cautious.
The News reported: 'It is understood Mr Eisner is also attracted by the story of how the club was saved by its supporters in April 2013, its community ethos and the successful financial restructuring since emerging from administration.
'He last week held negotiations in Portsmouth and, along with his family, attended the 4-0 Fratton Park midweek victory over Grimsby.... Pompey’s board have been scrutinising whether the Tornante investment group represent credible interest, with the club having been stung by a succession of bad owners in the past during its well-publicised demise.
'However, ultimately, should their bid be accepted, it will be down to all club shareholders, including the Pompey Supporters’ Trust, to approve any potential deal.'
The club's board of directors quickly issued a statement, which said: 'Since the club’s exit from administration in 2013, the board of directors and staff have worked tirelessly to restore our fans’ faith in the club and – as club custodians – have continually striven to improve both on and off-field performance. 'A cornerstone of this work has been our openness and transparency with shareholders and supporters alike, while at the same time also respecting the confidentiality and commercial sensitivity of business agreements and contracts. We would like to assure all shareholders and supporters that we have a robust process in place to deal with any potential offers of investment.
'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. We believe this to be the true definition of a fan-owned club, allowing those supporters who have invested to have the final say on the future direction of the club.
'We will make no further comment at this stage and assure all fans that, as always, we continue to work in the best interests of Portsmouth Football Club.'
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