Bournemouth owner Maxim Demin is in talks with a consortium led by ice hockey’s Vegas Golden Knights owner Bill Foley over a potential sale of around £150million. If successful, that would mean more than half of Premier League clubs have minority or majority American shareholders.
A group led by Foley, who is also chairman of insurance company Fidelity National Financial and investment firm Cannae Holdings, reportedly entered into exclusive negotiations with Demin last week over a potential deal for the club, which has been promoted from the championship in May. Demin, born in Russia but a British citizen, has been Bournemouth’s sole shareholder since 2019, when he bought out a 25% stake he had sold to Peak6 Investments.
It would be open for sale after having commissioned the American company Montminy & Co to identify potential buyers or investors. Foley, 77, is based in Las Vegas and owns 70% of the city’s first major league franchise after helping to create the Golden Knights in 2017. He is believed to be confident of a deal.
In June, Foley signed a non-binding letter of intent to invest in John Textor’s Eagle Football Holdings LLC through Cannae, agreeing to provide a credit facility of up to a maximum principal amount of €523 million under of the attempted takeover of French club Lyon. . Textor, also an American, is already a co-owner of Crystal Palace and a majority shareholder of Brazilian side Botafogo.
“We have spent a great deal of time analyzing professional football in Europe and are delighted to announce that we intend to invest with John Textor in Eagle Football,” he said in a statement in June. “John has a unique view of a multi-club football model and has already assembled unique assets to contribute to Eagle Football with the ability to buy other attractive teams. John also has a differentiated view of how to monetize these assets to generate strong returns and we are delighted to have the opportunity to work with him.
It is understood that if Foley retains an option to be part of the Lyon deal, Textor has now secured an alternative investment.
Business tycoons Todd Boehly and Behdad Eghbali became the latest owners of the US Premier League when their consortium paid a world sports franchise record £4.25billion to buy Chelsea. Manchester United, Manchester City, Arsenal, Aston Villa, West Ham, Fulham, Leeds and Liverpool also have some scale US investment.