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Bournemouth takeover news: £150m offer from Bill Foley alongside Lyon talks

Bournemouth could be the next English side set for a takeover. NHL franchise Las Vegas Golden Knights owner Bill Foley is hopeful of completing a £150 million takeover of the Cherries from current owner Maxim Demin. 

Foley is also backing a deal to acquire Ligue 1 side Lyon by the end of the month. The aim here is for him to develop a multi-club system including Bournemouth. This has been implemented by the City group who own the likes of Manchester City, New York City, Troyes and Mumbai City FC to name a few clubs. 

Bournemouth could have new ownership soon 

Here is what Foley had to say about the venture earlier in a statement: ‘We have spent a significant amount of time analysing professional soccer in Europe and are excited to announce that we intend to invest with John Textor.

‘John has a unique vision of a multi-club football model and has already assembled some unique assets. John also has a differentiated view of how to monetise these assets to generate strong returns.’ 

Textor is a Crystal Palace shareholder, and also the majority shareholder at Brazilian side Botofago. He has been given a £450 million credit limit by Foley, as he is locked in negotiations with Lyon’s ownership to complete the takeover soon. 

Chelsea’s ownership is also expected to follow a similar model, with Todd Boehly in talks with Jorge Mendes to purchase a Portuguese club. 

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Arsh Das
Arsh Das
A music enthusiast, also passionate about football and bringing you the latest in the sporting world every day.

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