AFC Bournemouth has confirmed that owner Maxim Demin has sold his 100% stake in the club to Black Knight Football Club, of which Bill Foley is the Managing General Partner, with a number of limited partners including a 50.1% interest for Cannae Holdings Inc., and certain other investors many of whom invested in the Vegas Golden Knights.
Bill had attended the Cherries’ victory over Leicester City in October ahead of completing the deal, which has now been ratified by the Premier League.
A businessman and philanthropist, Bill also has an extensive background in sports including tremendous success as the founder and owner of the National Hockey League’s Vegas Golden Knights, the first major league sports team in Las Vegas.
Bill is committed to increased investment in AFC Bournemouth’s first team as well as the academy and fan experience at Vitality Stadium, on top of immediately beginning construction of a state-of-the-art training centre and increasing financial commitment to the AFC Bournemouth women’s team and girls’ teams.
Assuming the role of Chairman with immediate effect, Bill will be attending the club’s next home match, against Crystal Palace on 31 December. Having also purchased a home in the local area, Bill reaffirms his commitment to the football club and surrounding community.
“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,” Bill said.
