Friday, January 27, 2023

Actor Michael B. Jordan buys part of Bournemouth

BOURNEMOUTH, England ( Associated Press) – American actor Michael B. Jordan is part of the new ownership group for English Premier League club Bournemouth.

The team announced Tuesday that its acquisition of billionaire Bill Foley has been upheld by the league, in which the “Creed” actor holds a minority stake.

Previous owner Maxim Demin sold the entire club to Black Knight Football Club, a group of which Foley is a general partner.

Foley’s parent Canny Holdings said in a statement that the Las Vegas-based firm paid $126 million for a 50.1% stake in the partnership.

American businessman Foley, 77, owner of the Las Vegas Golden Knights in the ice hockey league, will take over as Bournemouth’s chairman of the board.

Jordan, who has starred in the films “Black Panther” and “Just Mercy,” will work with Foley “in areas including global marketing and internationalization of the club,” according to Canney’s announcement.

Foley, chairman of Canny Council, plans to attend Bournemouth’s next home game against Crystal Palace on New Year’s Eve.

“We are excited to enter the vast European football market at an attractive valuation,” Foley said in the Kanne statement.

“We can use what we learned in building the Las Vegas Golden Knights to create value for shareholders and fans at Bournemouth. English football is a growth industry, and we look forward to becoming the long-awaited pioneer in the Premier League and global football.” We see an opportunity to develop this historic club by investing in its infrastructure and operations with the aim of guiding Bournemouth to a role in the future.”

Bournemouth are back in the Premier League after securing promotion at the end of last season. With a capacity of 11,364 spectators, it is the smallest stadium in the top flight of English football.

The statements did not include comments from Jordan.

Russian-born businessman Demin initially bought a stake in Bournemouth in 2011.

The club is ranked 14th in the Premier League, which is on hiatus during the World Cup.

Nation World News Desk
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