ex disney chief in portsmouth takeover talks
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Ex Disney chief in Portsmouth takeover talks

Arab Today, arab today

Arab Today, arab today Ex Disney chief in Portsmouth takeover talks

Michael Eisner, former chief executive officer of the Walt Disney Company,
London - Arab Today

The billionaire former chairman of US entertainment giant the Walt Disney Corporation is in talks to buy English fourth-tier club Portsmouth, the south coast side has confirmed.
Following a report in The News, Portsmouth's local newspaper, that American media mogul Michael Eisner was looking to complete a takeover, the Portsmouth Supporters Trust, which owns the club, said in a statement issued Wednesday: "Due to the current interest from Mr Eisner the PST are suspending voting rights for all new Members."
The News said Eisner, 75, was eager to become involved in English football, while the FT said Thursday that talks were at an "advanced stage".
Portsmoth won the FA Cup as recently as 2008 when they were a Premier League club.
But following their relegation from the lucrative top flight in 2009, they were hit with points penalties for repeatedly falling into administration under a succession of foreign-based owners and this contributed to their falling down the league pyramid with several relegations.
Champions of England in successive seasons in 1948/49 and 1949/50, Portsmouth were on the brink of going out of business before the PST, virtually as a last resort, took over the running of the club and brought it out of administration in 2013, making it one of the few 'fan-owned' clubs in English football.
Pompey, as they are nicknamed, are currently third in League Two, a position that will guarantee promotion to third-tier League One if they can retain it in the remaining eight games of the regular season.
Despite playing in League Two, they retain a loyal and passionate fan base, averaging crowds of 16,000 -- impressively high for fourth-tier football -- at their Fratton Park ground.
Portsmouth chief executive Mark Catlin said any prospective deal would have to be put forward to shareholders.
"Since becoming a community club, we have taken great pride in our honesty and transparency with shareholders and supporters alike, aligned with what has to naturally stay private and confidential in the course of any normal business dealings," he said in a statement.
Eisner served as both chief executive and chairman during his 21 years at Disney before leaving in 2005 and he also been the president of major Hollywood studio Paramount Pictures. 


Source: AFP

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ex disney chief in portsmouth takeover talks ex disney chief in portsmouth takeover talks

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

ex disney chief in portsmouth takeover talks ex disney chief in portsmouth takeover talks

 



GMT 08:12 2017 Tuesday ,28 November

Government launches a campaign to eliminate corruption

GMT 18:43 2018 Thursday ,20 September

Russian PM does not rule out expansion of trade wars

GMT 09:28 2017 Saturday ,30 December

Ski jumping: 40,000 to see Four Hills take leap of faith

GMT 19:31 2017 Sunday ,16 April

Iran to export gas to Iraq

GMT 03:14 2017 Monday ,17 April

Kazakhstan Ambassador hails ties with Oman

GMT 20:57 2017 Wednesday ,20 September

Dubai Customs launches Partners’ Happiness Lab

GMT 18:32 2017 Monday ,30 October

CBE governor directs banks to expand funding

GMT 14:58 2017 Sunday ,19 February

Dhoni removed as Pune captain, Smith to take over

GMT 14:35 2017 Thursday ,19 January

Naidu comes to the defence of 'Dangal' actress Zaira

GMT 18:06 2016 Tuesday ,06 December

HHA launches Geely X7 Sport 4WD in Saudi market

GMT 05:42 2017 Saturday ,01 April

Toshiba soars on reports of memory chip unit bid

GMT 16:00 2018 Tuesday ,30 October

Five killed in Daesh attack in central Libya

GMT 01:37 2018 Tuesday ,16 January

Education Minister congratulates Bahrain Bayan School

GMT 13:01 2015 Sunday ,23 August

New Suez Canal Project achievement for all Arabs
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday