• Loading stock data...
Wednesday, July 24, 2024
Join us this September for Tuned In Request to Attend

Golden Knights Owner Buys Premier League Team

  • The takeover was completed through Billy Foley’s Black Knight Sports and Entertainment.
  • AFC Bournemouth’s new ownership regime includes “Creed” actor Michael B. Jordan.
AFC Bournemouth celebrate after scoring goal
AFC Bournemouth

The owner of an NHL franchise has completed the purchase of a European soccer club. 

Vegas Golden Knights owner Billy Foley and a consortium of investors have finalized their acquisition of Premier League club AFC Bournemouth in a deal worth $150.7 million

In September, Bournemouth hired California-based investment bank and financial advisory firm Montminy & Co. to facilitate a sale of the club. A month later, Bournemouth and previous owner Maxim Demin reached a verbal sale agreement with the Foley-led group of investors.

NHL Owner Agrees to Buy Premier League Club for $134M

An NHL owner has reportedly reached an agreement to buy AFC Bournemouth.
October 7, 2022
  • The takeover was completed through Foley’s Black Knight Sports and Entertainment.
  • Bournemouth’s new ownership regime includes “Creed” actor Michael B. Jordan
  • The deal puts half of the Premier League’s 20 clubs under American ownership. 

Bournemouth was promoted to the Premier League this year after the club finished second behind Fulham in the English Football League Championship for the 2021-22 season. 

Bournemouth projects revenue to reach $172 million in 2023, up from $136 million in 2022.

Premier Sales 

Bournemouth adds to several recent takeover deals in the Premier League.

In October 2021, a consortium led by Saudi Arabia’s Public Investment Fund acquired Newcastle United for $409 million. In May, a group led by Los Angeles Dodgers, Lakers, and Sparks part-owner Todd Boehly purchased Chelsea for $5.2 billion.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

DSG Nears Deals With Comcast, NBA, NHL to Aid Reorganization

The bankrupt Bally Sports parent company nears deals with Comcast, the NBA, and the NHL.

Big Ten Commissioner: Why Staying Put With 18 Members Is Plenty—for Now

Big Ten commissioner Tony Petitti is focused on properly integrating the new schools into the conference.

Salt Lake City’s Olympic Host Deal Includes Last-Minute Doping Clause

Utah officials are now mandated to uphold the ‘supreme authority’ of the World Anti-Doping Agency.

Bulls and Blackhawks Owners’ $7 Billion Plan to Transform Chicago

The project is going to be backed by private investments.
podcast thumbnail mobile
Front Office Sports Today

NFL’s 18-Game Season & Contract Holdouts, Olympics’ Newest Sport

0:00

Featured Today

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.
July 22, 2024

The FTC Noncompete Ruling Could Change MMA As We Know It

Fighters could see their options—and earnings—grow.
July 21, 2024

O No Canada: The Next Big Sports Betting Scandal Could Erupt North of the Border

‘It’s open-season for match-fixing up there.’
July 20, 2024

The Road to the Return of ‘EA Sports College Football’

This summer, the biggest development in college sports is virtual.
An artistic rendering of the new proposed Everton stadium in Liverpool.

Déjà Vu: Everton Loses Takeover Bid From U.S. Investor

The Premier League club is back on the hunt for a new owner.
July 17, 2024

Angel City FC Sale Official at Record $250 Million Valuation

Disney CEO Bob Iger and wife Willow Bay now control the club.
July 18, 2024

Caleb Williams’s Contract Requests Could Have Changed the NFL

Williams asked for several unusual clauses and tax dodges.
Sponsored

TopSpin 2K25 Brings the Legends of Tennis to Your Living Room

2K sports is reviving a classic with TopSpin 2K25.
July 2, 2024

NBA and NHL Free Agency: Billions in New Deals Despite Economic Unrest

Rising revenues and salary caps are helping fuel a run of historic contracts.
July 1, 2024

Bobby Bonilla Day: A Look at MLB’s Top Deferral Deals and Ohtani’s Pact

Well beyond Bobby Bonilla, many current and former MLB stars have their own lucrative deferrals.
June 24, 2024

Tiger’s Golf League Hits $500 Million Valuation Before First Swing

TGL will begin play in January 2025.
June 13, 2024

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.