BOURNEMOUTH, England – American businessman Bill Foley attended Bournemouth’s Premier League game against Leicester on Saturday amid reports he is close to completing a takeover of the club.
The Las Vegas-based billionaire, who owns the Vegas Golden Knights NHL franchise, is paying around £120 million ($133 million) to buy Bournemouth from current owner Maxime Damian, according to multiple British media reports. Bournemouth returned to the Premier League last season after winning promotion from the Second Division and have the smallest stadium in the English top flight, with a capacity of 11,364.
Radio station TalkSPORT, the Premier League’s official partner, reported that 77-year-old Foley’s long-term plan for the club is to either renovate the Vitality Stadium or build a new venue, as well as fund a new training centre. And several January transfer signings.
Damien, a Russian-born businessman who first took over at Bournemouth in 2011, sacked manager Scott Parker just four games into the season and a permanent replacement has yet to be appointed.