Former Disney CEO Michael Eisner Bids to Buy English Soccer Clubby ZachPerilstein
Michael Eisner is about to earn a new badge for being a billionaire. Eisner and his investment group Tornante made a bid for the soccer club Portsmouth. Eisner is committing $13 million to the club. Him and his investment group made an offer of $7.38 million for the team. Now the fans and shareholders are voting on the deal.
Portsmouth used to be in the Premier League but their fortunes have rapidly declined. This could be a cool new project for Eisner.
Eisner was the former president of Paramount Pictures. He then went on to be the CEO of the Walt Disney Company. Eisner was a early investor in Netflix.
Eisner expressed interest in buying another English club Reading. We will follow this story as it continues.