Michael Eisner's Portsmouth ownership model praised by Peterborough counterpart Darragh MacAnthony

Peterborough chairman Darragh MacAnthony is a firm admirer of the ownership model rolled out by the Eisners since their 2017 Pompey takeover.
Pompey chairman Michael Eisner, centre, with son Eric, left, and Will FarrellPompey chairman Michael Eisner, centre, with son Eric, left, and Will Farrell
Pompey chairman Michael Eisner, centre, with son Eric, left, and Will Farrell

Speaking in the latest episode of his Hard Truth podcast, the Posh owner said Michael Eisner’s Tornante group were proving to be good owners of the Fratton Park outfit.

And he predicted that the Blues would continue to grow under the American billionaire’s ‘prudent’ approach in the long term, despite their latest failed promotion bid.

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Tornante purchased the the club from the Pompey Supporters’ Trust for £5.67m in August 2017 – a deal MacAnthony described as a ‘snip’ just months after Paul Cook led the PO4 side to the League Two title.

Since then, with Kenny Jackett at the helm, they have ensured that the Blues have been promotion challengers over the past two seasons.

Although, two consecutive failed play-off attempts have proved frustrating to the Fratton faithful.

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Investment has been put into the ground, with further redevelopment work in the pipeline, most noticeably for the Milton End.

Peterborough chairman Darragh MacAnthony, right, with Barry Fry.  Picture: Michael Regan/Getty ImagesPeterborough chairman Darragh MacAnthony, right, with Barry Fry.  Picture: Michael Regan/Getty Images
Peterborough chairman Darragh MacAnthony, right, with Barry Fry. Picture: Michael Regan/Getty Images

Meanwhile, with two administrations to their name during the past decade, Pompey’s latest of accounts – lodged at Companies House back in March – showed a £2.05m profit for the year ending June 30, 2019.

Those recorded gains will seem a distant memory now, with chief executive Mark Catlin admitting to The News this week that the club are haemorrhaging £700,000 per month as the savage impact of the coronavirus crisis hits home.

Such financial loses – the consequence of a curtailed 2019-20 season and the game going behind closed doors – means the Blues’ participation in this summer’s transfer market will be restricted.

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That has subsequently led to a growing consternation among sections of fans of a perceived lack of ambition over recruitment.

However, according to MacAnthony, a prudent method will benefit Pompey in the long-term.

And he understands the Blues’ patient approach to meeting ambitions of playing football in the Championship or above.

On the subject of ownership at League One and League Two level, the Posh chairman said: ‘I think the Portsmouth owners are good - the Eisner family.

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‘He (Michael) has put his sons in and whatever else, they've got a good MD, and they picked that up for a snip.

‘That's an absolute jewel, you know it's a diamond that they'll polish.

‘They've already got it up, they've already got success, they'll get it up again and they won't over do it.

‘And they're prudent people.

‘You know, a club that's already had its heart ripped out doesn't need another owner doing the same to them.

‘So as much as Pompey fans wants to be in the Premier League, after want they went through, they understand 'let's take our time this time'.’