• Loading stock data...
Saturday, June 22, 2024

Golden Knights Owner Adds Club to Growing Soccer Empire

  • Bill Foley is closing in on a deal for Ligue 1 club Lorient.
  • The Vegas Golden Knights owner is aiming to grow a portfolio of soccer teams.
FC Lorient

The owner of the NHL’s Vegas Golden Knights has a rapidly growing presence in European soccer.

Bill Foley has finalized a deal to purchase a 33.3% stake in Ligue 1 club FC Lorient. The team, which was founded in 1926 and promoted from Ligue 2 in the 2019-20 season, is currently in sixth place in the 20-team table.

  • Foley is expected to take full control of Lorient at a later date. 
  • He was approved as the new owner of Premier League club AFC Bournemouth on Dec. 13.
  • He claimed at that time to also be in talks for a club in Belgium’s top league.

Foley intends to build a multi-team network to facilitate player transfers.

“The next step will be a South American team — whether it’s Brazil, Colombia, Uruguay, or Argentina, I’m not sure yet,” he explained. “I need to make sure the economics are right.”

Man City Model

Certain soccer team owners have become more interested in a multi-team model in which some operations are centralized and players can be transferred between clubs relatively easily.

The model is perhaps most associated with City Football Group, which owns or partners with 11 clubs including Manchester City, New York City Football Club, Melbourne City, and Yokohama F. Marinos.

Copy Link
Link Copied
Link Copied

What to Read

Everton FC owner Farhad Moshiri stands on the pitch at Goodison Park Stadium.

Another U.S. Takeover? Houston-Based Group in Talks With Everton

The English soccer club continues to look for a new owner.

TV Companies Losing Subscribers As Sports Rights Deals Continue to Rise

Four major TV provider companies reported huge losses.

Border War Intensifies: Kansas Makes Swift Move to Lure Chiefs and Royals

A bipartisan supermajority of Kansas legislators approve bonding for new stadiums for the Chiefs and Royals.
podcast thumbnail mobile
Front Office Sports Today

How Women’s Sports Media is Charting Its Own Path


Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

The ‘Big’ in Big 12 Could Soon Be Replaced With a Sponsor’s Name

Allstate is said to be in discussions about a deal with the Big 12.
June 12, 2024

Saudi Arabia’s Next Big Sports Target: Boxing, With Joint Venture Worth $5B

The Public Investment Fund of Saudi Arabia is focusing on boxing as its next large-scale sports target.
June 13, 2024

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 11, 2024

Breakthrough? Tiger Says PGA Tour and LIV Golf Are Eyeing ‘End Game’

Woods called a recent meeting ‘productive.’
June 10, 2024

Salt Lake City’s $4B Olympics Price Tag Could Be a Bargain: Here’s Why

Utah is the preferred bidder for the 2034 Games.
June 7, 2024

New Era’s Acquisition of ’47 Set to Reshape Sports Apparel Market

New Era is set to acquire ’47 in a deal creating a combined operation with $2 billion in annual revenue.
June 5, 2024

One Year After ‘Merger,’ the PGA Tour and LIV Golf Still Remain Far Apart

Leaders of the tours struck an agreement exactly one year ago.