In a deal reportedly worth more than £100 million, a partnership led by American businessman Bill Foley has completed its takeover of Premier League team Bournemouth.
Maxim Demin, the Cherries’ previous owner, sold his entire stake to Foley’s Black Knight Football Club, ending his 11-year reign as owner.
The club’s new chairman, Foley, who owns the Vegas Golden Knights of the NHL, is supported by a minority ownership group that also includes American actor Michael B. Jordan.
“I have tremendous respect for the passion and support the Bournemouth community shows for this club and believe that connection to the community is the foundation for success of any sports team,” Foley told Bournemouth’s official website.
“We will move forward with an ‘always advance, never retreat’ approach that has defined all of my endeavours.
“I am committed to work with the best football and business minds available to enhance player development, facilities, and the fan experience to put Bournemouth in the best possible position to succeed.”