BOURNEMOUTH, England – American businessman Bill Foley attended Bournemouth’s Premier League game against Leicester on Saturday amid reports he is set to complete a takeover of the club.
The Las Vegas-based billionaire, owner of the Vegas Golden Knights NHL franchise, is set to pay around 120 million pounds ($133 million) to buy Bournemouth from current owner Maxim Demin, according to multiple UK media outlets. Bournemouth are back in the Premier League after winning promotion from the second-tier Championship last season and have the smallest stadium in the English top flight, with a capacity of just 11,364.
Official Premier League partner talkSPORT radio station reported that Foley, 77,’s long-term plan for the club is to either redevelop the Vitality Stadium or build a brand new venue, as well as provide funds for a new training center. and several transfer signings in January.
Demin, a Russian-born businessman who first bought a stake at Bournemouth in 2011, sacked manager Scott Parker just four games into the season and a permanent replacement has yet to be named.