Extending the available intramolecularly‐stabilised phosphinidene ligands, we report a novel naphthalene supported system derived from readily available starting materials. Specifically, 1,8‐bis(diaminophosphino)naphthalene, naphth‐1,8‐{P(NEt2)2}2 (1), reacts with ethereal HCl to form the mixed diphosphine naphth‐1‐(PCl2)‐8‐{P(NEt2)2} 2 as a phosphoranide Zwitterion, which is readily reduced with elemental Mg in forming the target intramolecularly‐stabilised phosphinidene 3. The electronic nature of this species is explored through computational DFT, NBO, and TD‐DFT analyses, indicating a high electron density at the PI, which delocalizes across the naphthalene ring lending this deep red‐purple compound its colour. The coordination capacity of 3 is demonstrated through its reaction with excess CuCl, which surprisingly leads to exclusive formation of the 2:1 complex of 3 to Cu, giving the initial insights into the coordination chemistry of this novel ligand.