Portsmouth owner Michael Eisner secures whopping $1.3bn deal
One of Pompey owner Michael Eisner’s businesses is set to go public - valued at a massive $1.3bn.
Topps, bought by Eisner for $385m in 2007, will merge with Mudrick Capital Acquisition Corporation II, an acquisition vehicle who have placed the huge valuation on the company renowned for its sports trading cards.
The former Disner CEO who bought the Blues for £5.67m in 2017 will remain as chairman of Topps, who also manufacture confectionery, collectibles, memorabilia and Match Attax football cards.
Eisner told CNBC: ‘The company today is in the exact same financial position that Disney was in 1984 when I went there, to the dollar. If we do a tenth as well as we did at Disney, I will be happy.’
A message from the Editor, Mark Waldron
The News has launched a subscription offer which gives you unlimited access to all of our Pompey coverage, starting at less than 14p a day.
You can subscribe here to get the latest news from Fratton Park - and to support our local team of expert Pompey writers.