Bill Foley in talks to buy A.F.C. Bournemouth

Article posted by Coliseum, September 30^th, 2022

Image: AFC Bournemouth

A group led by American billionaire Bill Foley is in talks to buy the Premier League club A.F.C. Bournemouth (UK).

‘The Sun’ stated that several investment groups have expressed an interest in purchasing ‘The Cherries’ since Montminy & Co – a boutique investment bank based in Santa Monica, California – was appointed to market the club earlier this year.

A.F.C. Bournemouth is a professional association football club based in Kings Park, Boscombe, a suburb of Bournemouth, Dorset, England (UK). The club competes in the Premier League, the highest division of English club football. Formed in 1899 as Boscombe, the club adopted their current name in 1971.

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The 11,379-capacity Dean Court, currently known as the Vitality Stadium for sponsorship purposes, is a football stadium in Kings Park, Boscombe, a suburb of Bournemouth, Dorset, England, and the home ground of A.F.C. Bournemouth.

‘The Sun’ further stated that however, none have progressed as far as Foley’s in terms of ongoing talks.

Russian-born businessman and current Bournemouth owner Maxim Demin has been looking to sell the club for around four years.

His asking price is claimed to be in the region of £150 million, with Foley seriously considering a bid.

The deal would see the American businessman take a 100 percent stake in Bournemouth.

Foley is the Chairman of Fidelity National Financial, one of the largest insurance companies in the United States.

The company is arguably best known for introducing the first major professional sports franchise to Las Vegas (US) – the National Hockey League (NHL) team Vegas Golden Knights.

The Vegas Golden Knights, founded in 2017, compete in the Pacific Division of the National Hockey League (NHL).

Foley is also understood to be eager to bring a Major League Soccer (MLS) franchise to Vegas.

Despite his US investments, he still has the capital to invest heavily in Bournemouth with an estimated net worth of over £1 billion.

‘The Cherries’ have had a mixed start to the season with two wins and three defeats from their opening six games.

Manager Scott Parker was sacked from his position two weeks ago following a 9-0 defeat to the Premier League team Liverpool F.C., leaving the club without a permanent Manager.

The former boss of the EFL Championship club Burnley F.C., Sean Dyche, has since thrown his hat into the ring for the job.

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