Pompey Takeover: Club makes statement

Pompey have issued the following statement following The News' exclusive story that American billionaire Michael Eisner has launched a bid to buy the club.

By The Newsroom
Monday, 20th March 2017, 4:07 pm
Updated Friday, 24th March 2017, 10:52 am
Pompey have released a statement following our news of a bid to takeover Pompey
Pompey have released a statement following our news of a bid to takeover Pompey

The statement, credited to the PCFC Board of Directors, reads: ‘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.

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‘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.’