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Bournemouth takeover completed

Bill Foley has completed his takeover of AFC Bournemouth for a reported £120m from previous owner Maxim Demin after the transaction received all necessary approvals from the Premier League.  It means that the majority of Premier League clubs are now partly or wholly owned by Americans.

Foley, 77, also has an extensive background in sports including success as the founder and owner of the National Hockey League’s Vegas Golden Knights.

There are also minority investors in the new ownership structure involved in the club, which includes award-winning Hollywood actor Michael B. Jordan. The investment is Jordan’s first foray into professional sports ownership.

It is thought there are plans from the would-be new owner to develop the Vitality Stadium, which is the smallest by far in the Premier League, holding just over 11,000 people.

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