A GROUP led by American billionaire Bill Foley is in talks to buy AFC Bournemouth.
According to The Athletic, several investment groups have expressed an interest in purchasing the Cherries since Montminy & Co – a boutique investment bank based in Santa Monica – was appointed to market the club earlier this year.
However, none have progressed as far as Foley’s in terms of ongoing talks.
Russian-born businessman and current Bournemouth owner Maxim Demin has been looking to sell the club for around four years.
His asking price is claimed to be in the region of £150million, with Foley seriously considering a bid.
The deal would see the American businessman take a 100 per-cent stake in Bournemouth.
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Foley is the chairman of Fidelity National Financial, one of the largest insurance companies in the United States.
The company is arguably best known for introducing the first major professional sports franchise to Las Vegas – the Golden Knights.
The Vegas Golden Knights, founded in 2017, compete in the Pacific Division of the National Hockey League.
Foley is also understood to be eager to bring a Major League Soccer franchise to Vegas.
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Despite his US investments, he still has the capital to invest heavily in Bournemouth with an estimated net worth of over £1billion.
The Cherries have had a mixed start to the season with two wins and three defeats from their opening six games.
Manager Scott Parker was sacked from his position two weeks ago following a 9-0 defeat to Liverpool, leaving the club without a permanent manager.
Ex-Burnley boss Sean Dyche has since thrown his hat into the ring for the job.
Source: Soccer - thesun.co.uk
