Thursday September 28, 2023

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
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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.

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