Editor's Pick

A.F.C. Bournemouth takeover possible as US consortium prepares £150m bid

A Las Vegas-led consortium is pushing to buy A.F.C Bournemouth, the PA news agency understands.

The club’s owner, Maxim Demin, is thought to be weighing up whether to sell, with US investors ready to pay £150m. An American takeover at Bournemouth would mean that more than half of Premier League clubs had minority or majority US shareholders.

The business magnates Todd Boehly and Behdad Eghbali became the latest US Premier League owners when their consortium paid a sports-franchise world-record £4.25bn to buy Chelsea. Manchester United, Manchester City, Arsenal, Aston Villa, West Ham, Crystal Palace, Fulham, Leeds and Liverpool all also have US investment on some scale.

Demin is understood to have explored the possibility of a sale in the past and could now have that interest reignited. The owner, who is Russian-born but a British citizen, bought Bournemouth in 2011 and his investment spurred the club into the Premier League in 2015. He has been the sole shareholder at Bournemouth since 2019, when he repurchased a 25% stake he had previously sold to the company PEAK6 Investments.

Bournemouth returned to the Premier League this season but sacked Scott Parker as manager after just four matches following a 9-0 hammering by Liverpool. They have since secured a goalless draw with Wolves and a 3-2 win over Nottingham Forest, with their caretaker manager, Gary O’Neill, having a noticeable impact.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Your daily news source covering investing ideas, market stocks, business, retirement tips from Wall St. to Silicon Valley.

Disclaimer:

TheProficientInvestor.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 TheProficientInvestor. All Rights Reserved.

To Top