Bournemouth is the newest club to join the American teams in the Premier League
American businessman Bill Foley finally completed his takeover of Bournemouth. The Las Vegas Golden Knights owner, 77, had previously been in talks with the Premier League club for months. Foley’s group, which also includes actor Michael B. Jordan, bought 100% of the team’s shares from Maxim Demin.
Demin is leaving after 11 successful years with the club. The Cherries previously climbed from League One to the Premier League in just five years under Demin’s ownership. Foley committed to this team breakthrough in an official statement.
Owner takes ‘always forward, never back’ approach
“I have great respect for the passion and support that the Bournemouth community shows for this club and believe that connection to the community is the foundation for the success of any sports team,” said Foley.
“We will press forward with an ‘always forward, never back’ approach that has defined all of my endeavors. I am committed to working with the best football and commercial minds available to improve player development, facilities and the fan experience to put AFC Bournemouth in the best possible position to succeed.”
Bournemouth, the last American club in the Premier League
Sky Sports reports that the purchase price exceeded $124 million. Other outlets claim that Foley’s group paid around $186 million to complete the deal. Regardless of the exact numbers, Foley is now the 10th American to own a Premier League club.
Arsenal, Aston Villa, Bournemouth, Chelsea, Crystal Palace, Fulham, Leeds, Liverpool, Manchester United and West Ham currently have American owners. Thus, American businessmen back half of all English top-flight teams.
“Without the belief and financial backing of Maxim and his family, AFC Bournemouth may well have ceased to exist,” Foley continued. “Maxim’s support and involvement have allowed the club to establish itself as a top-tier team.”
In addition to becoming the new owner, Bournemouth appointed Foley as club chairman. He will attend Bournemouth’s next game against Palace on December 31. Foley has also already purchased a new home in the area.
PHOTO: IMAGO / Action Plus
