Bournemouth: Las Vegas consortium hopes to buy Premier League club


Bournemouth are 13th in the Premier League after six games

A Las Vegas-led consortium aims to complete its takeover of Premier League club Bournemouth by the end of October.

Bill Foley, owner of the National Hockey League (NHL) Las Vegas Golden Knights, is believed to be leading the bid.

The consortium has entered into a period of exclusivity with the purchase of the club, with the terms and price already agreed upon.

Bournemouth were promoted from the Championship in May.

The club is owned by Russian-born businessman Maxim Demin.

According to a Premier League review, the new owners hope to be at the Vitality Stadium by the end of next month.

It would be the latest investment in England’s top flight when a Todd Boehly-led side took over Chelsea in May.

Liverpool, Manchester United, Arsenal, Aston Villa, Crystal Palace, Fulham, Leeds, West Ham and Manchester City also have US investments to some extent.

Speaking at a press conference ahead of Saturday’s game at Newcastle, Bournemouth manager Gary O’Neil said he was not aware of an imminent change in ownership at the club.

“I haven’t heard anything from my end,” he said.

“We’re working on the football side, making sure we’re fit, ready and sharp. I haven’t heard any talk of a transfer.”

analysis

Simon Stone, BBC Sport

If this deal is agreed, it would bring the number of clubs in the United States Premier League to eight from 20, which does not include Leeds United, in which the owners of the San Francisco 49ers have the smallest stake at 44%, or City Football. Group, where private equity group Silver Lake has just become the second largest shareholder, taking a 14.5% stake in the group that controls Manchester City.

American Foley is the 77-year-old owner of the Golden Knights and clearly sees there is money to be made in owning a Premier League club.

However, fans will want more details on the proposed financing of the sale if current owner Demin agrees, especially if it involves the type of loan used by another US firm, ALK Capital, to complete Burnley’s takeover.

Fans of too many clubs have been swayed by apparent new ownership offering hope of a bright future, only for the reality to be somewhat different to take these deals at face value.