Michael Eisner completes takeover of Portsmouth

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Former Walt Disney chief executive Michael Eisner has completed his takeover of League One Portsmouth. Eisner, 75, and his Tornante investment group offered £5.67m to buy 100% of the club and will invest an extra £10m. "My family and I are thrilled to take on this incredible responsibility as stewards of a football club with such a rich heritage," Eisner said. The Pompey Supporters Trust previously owned 48.5% of the club's shares with the rest shared among 16 'presidents'. Eisner, whose net worth is estimated at $1 billion, and his three sons, Breck, Eric and Anders, will make up the club's board along with Andy Redman, president of Tornante, and Portsmouth chief executive Mark Catlin.