US businessman Bill Foley completes Bournemouth takeover

American businessman Bill Foley has completed his takeover of Bournemouth after receiving ratification from the Premier League.

Black Knight Football Club, of which Foley is the managing general partner, has purchased a controlling share in the club after previous owner Maxim Demin opted to sell his 100% stake.

Foley will assume the role of chairman and attend the Cherries' next home match, against Crystal Palace on 31 December.

The 77-year-old, who also owns NHL side the Vegas Golden Knights, previously visited Vitality Stadium in October, when Bournemouth came from behind to beat Leicester 2-1.

"I have tremendous respect for the passion and support the Bournemouth community shows for this club and believe that connection to the community is the foundation for success of any sports team," Foley told the club website.

"We will move forward with an 'always advance, never retreat' approach that has defined all of my endeavours.

"I am committed to work with the best football and business minds available to enhance player development, facilities, and the fan experience to put AFC Bournemouth in the best possible position to succeed."

Bournemouth are 14th in the Premier League table ahead of the resumption of the season post-World Cup. Republic of Ireland goalkeeper Mark Travers has made nine appearances in all competitions for the Cherries this season.

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