Michael Eisner has completed his takeover of Portsmouth. The club is reported to be worth £5.67 million.

Eisner is the former CEO of Disney.

“My family and I are thrilled to take on this incredible responsibility as stewards of a football club with such a rich heritage,” said Eisner in a statement. “We have come to know the Pompey community in recent months, and we are extremely impressed by their passion, dedication and love for their club.

“The football club wouldn’t be here today if it wasn’t for the against-the-odds commitment of Pompey supporters who came together and saved this club. This is and will always be your team.”

Portsmouth won promotion last season as League Two champions under Paul Cook