"Portsmouth owner Michael Eisner says the English football pyramid is a "financial disaster" for clubs at Championship level - but says the introduction of an independent regulator offers hope "extraordinary losses" will be a thing of the past."
"In the 14-minute video, he restated his long-term vision to return Pompey to the Premier League, claiming it would be "financially catastrophic" were they not to be promoted in the next eight years. "We have the same ambition we've had since 2017, we want to be in the Premier League - that is our goal," he said. "We have patience, we had patience getting from League One to the Championship.""
"Eisner said Pompey, who are 19th this season after 16 games, would be active in the January transfer window but vowed to continue "the path" of buying young players with a view to enhancing the team before being sold on to help offset losses."
Michael Eisner completed a takeover of Portsmouth in 2017 and characterizes running a Championship club as a very difficult business. He describes the English football pyramid as a financial disaster for clubs at Championship level and asserts that extraordinary losses could end with an independent regulator and a restructured media-rights arrangement between the EFL and Premier League within 18 months. Portsmouth finished 16th last season after returning to the second tier and sit 19th after 16 games this season. The club plans January transfer activity focused on buying young players to improve the squad and sell on to offset losses, aiming for Premier League promotion within eight years to avoid financial catastrophe.
Read at www.bbc.com
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