Bournemouth’s proprietor, Maxim Demin, is in talks with a consortium led by Invoice Foley, the proprietor of ice hockey’s Vegas Golden Knights, over a possible sale for about £150m. If profitable, it could imply that greater than half the Premier League’s golf equipment have minority or majority US shareholders.
A gaggle led by Foley, who can also be chairman of the insurance coverage firm Constancy Nationwide Monetary and the funding firm Cannae Holdings, is known to have begun unique negotiations with Demin final week over a possible deal for the membership, who had been promoted from the Championship in Might. Demin, who's Russia-born however a British citizen, has been the only real shareholder at Bournemouth since 2019, when he repurchased a 25% stake he had bought to the corporate Peak6 Investments.
He's believed to be open to promoting after appointing the US-based agency Montminy & Co to establish potential consumers or traders. The 77-year-old Foley is predicated in Las Vegas and owns 70% of the town’s first main league franchise after serving to to carry the Golden Knights into existence in 2017. He's undesrstood to be assured of finishing a deal.
In June Foley signed a non-binding letter of intent to put money into John Textor’s Eagle Soccer Holdings LLC by way of Cannae, pledging to offer a credit score facility of as much as a most principal quantity of €523m in reference to the tried takeover of the French membership Lyon. Textor, additionally an American, is already a co-owner of Crystal Palace and the bulk shareholder of the Brazilian aspect Botafogo.
“We've spent a major period of time analysing skilled soccer in Europe and are excited to announce that we intend to take a position with John Textor in Eagle Soccer,” he mentioned in an announcement in June. “John has a singular imaginative and prescient of a multi-club soccer mannequin and has already assembled some distinctive belongings to contribute to Eagle Soccer with the chance to purchase different enticing groups. John additionally has a differentiated view of how you can monetise these belongings to generate sturdy returns and we're excited for the chance to work with him.”
It's understood that whereas Foley retains an choice to be a part of the Lyon deal, Textor has now secured different funding.
The enterprise magnates Todd Boehly and Behdad Eghbali turned the newest US Premier League homeowners when their consortium paid a sports-franchise world-record £4.25bn to purchase Chelsea. Manchester United, Manchester Metropolis, Arsenal, Aston Villa, West Ham, Fulham, Leeds and Liverpool all even have US funding on some scale.
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