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Former Disney CEO Michael Eisner Shares Plans For League Two Side Portsmouth

Former Disney CEO Michael Eisner outlined his vision for League Two side Portsmouth, according to Neil Allen of the Portsmouth NEWS. Eisner "remains locked in negotiations over a Fratton Park takeover." He revealed his "aim to catapult the Blues back into the Premier League." Eisner "pledged the prospective deal through his Tornante investment company will not involve leveraged debt." His blueprint "also consists of remaining at Fratton Park, but carrying out extensive safety and rebuilding work." In addition, Pompey Supporters' Trust shareholders stand to each receive their £1,000 ($1,250) back. However, "presently there are no plans for fan representation on a revamped club board." Eisner said, "I really would like everybody behind us and to feel that the stewardship is in the right hands with the goal of moving forward. I don’t want a contentious acquisition. I am sure there are people who don’t want this to happen -- but I hope they are few and far between. The way Portsmouth and the Trust brought this team out of receivership and how they have managed it in the last four years and stuck with it is extremely impressive. ... If the club’s goal is staying in League One or League Two, having it run at break even at a very low player acquisition cost, a very slow fixing of Fratton Park ... knowing that will not take you to the Championship or Premier League -- there is nothing wrong with that goal. For that goal they don’t need me" (THE NEWS, 4/11).

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