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Thursday, July 18, 2024
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Another Premier League Club Is Up for Sale

  • A takeover sale for the club could now fetch at least $150 million.
  • Bournemouth is already in talks with one group of investors.
AFC Bournemouth

The owner of AFC Bournemouth has hired California-based investment bank and financial advisory firm Montminy & Co. to facilitate a sale of the top-flight soccer club, according to Bloomberg.

Bournemouth — a member of the Premier League — is owned by Maxim Demin, who became the majority owner in 2013. The Russian businessman purchased a 50% stake in the club in 2011 in a deal valued at $975,000.

  • A takeover sale for the club could now fetch at least $150 million.
  • Bournemouth is already in talks with one group of investors.
  • A deal with a U.S. investor would put half of the Premier League’s 20 teams under American ownership.

The club was promoted to the Premier League this year after finishing second behind Fulham FC in the English Football League Championship for the 2021-22 season. Bournemouth is expected to generate $172 million in revenue in 2023, up from $136 million in 2022. 

The club fired its former manager Scott Parker in August following a 9-0 loss to Liverpool, which marked its third consecutive defeat. The change came just 25 days into the new season. 

League of Their Own 

Manchester United, owned by the Glazer family, could also be on the market. 

The Glazers — who also own the Tampa Bay Buccaneers —  are reportedly looking for roughly $4.3 billion for the Premier League club, according to a report by The Daily Mail.

The family purchased Man U for $954.48 million in 2005.

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