According to an exclusive report by MailOnline recently, William P. Foley II, the American billionaire who owns the Las Vegas Golden Knights of the National Hockey League (NHL), has officially completed a successful deal with the Premier League club Berkeley for £150 million. Acquisition of Enmouth.
Foley is chairman of Fidelity National Financial, one of the largest US insurers, with a net worth of £1.08bn.
The billionaire is understood to have made an offer to current Bournemouth owner Maxim Deming in September and was willing to pay up to £120m for the club. According to reports, the transaction negotiations between the two parties will be completed in the next few days.
Bill Foley 'signs the final paperwork to complete his £120m takeover of Bournemouth, and is expected to name HIMSELF as chairman' https://t.co/smAAkxDFMp
— MailOnline Sport (@MailSport) October 8, 2022
Because Foley is also the owner of an NHL team, he has experience running a top-level league club.
Bournemouth has the opportunity to be promoted to the Premier League again after 8 years, but it is understood that Bournemouth is currently the smallest home stadium among the top clubs in the Premier League that can only accommodate 11,364 people.
Coupled with the fact that Bournemouth also needs a new owner to deal with the club’s relegation or promotion, it is believed that the club also needs to solve more financial problems in order to retain the top players of the Premier League squad.
However, the billionaire is about to become the new owner of Bournemouth, providing the club with more construction and team building funds.
It is reported that all major documents have been signed at present, and the Premier League officials must conduct inspections before the official acquisition, but at this stage, half of the ownership of the club is owned by Welfare.
As for control of the Vitality Stadium, final approval from the Premier League officials after the inspection process has been completed.