Actor Michael B Jordan buys shares of Bournemouth football club

American actor Michael B Jordan is part of the new ownership group of Premier League club Bournemouth.

The club announced on Tuesday that billionaire Bill Foley’s takeover has been approved by the federation and that the Creed actor has a minority stake.

Former owner Maxim Demin sold his 100% stake to Black Knight Football Club, of which Foley was the general managing partner.

Foley’s Cannae Holdings announced in a separate statement that the Las Vegas-based company paid $126 million (£102 million) for a 50.1% stake in the partnership.

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Bill Foley’s takeover of Bournemouth has been approved by the federation and Michael B Jordan has a minority stake (Adam Davy/PA)

Foley, a 77-year-old American businessman and owner of NHL’s Vegas Golden Knights, will take over as chairman of Bournemouth.

Jordan, who also stars in Black Panther and Just Mercy, will work with Foley “in areas including global marketing and club internationalization,” Cannae’s announcement said.

Foley, the chairman of Cannae, is due to attend 14th-placed Bournemouth’s next home game – against Crystal Palace on New Year’s Eve.

“We are delighted to be entering the large European football market at an attractive valuation,” Foley said in a statement from Cannae.

He continued: “We can use what we have learned while building the Vegas Golden Knights to create value for our shareholders and fans at Bournemouth.

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“English football is a growing industry and we see an opportunity to grow this historic club by investing in its infrastructure and operations with the aim of bringing Bournemouth into the role the long-awaited top in the Premier League and global football.”

Bournemouth have returned to the Premier League after winning promotion from the Championship last season and have the smallest stadium in the English top flight, with a capacity of just 11,364.

Neither the club nor Cannae’s statement were available for comment from Jordan.

https://www.independent.ie/style/celebrity/celebrity-news/actor-michael-b-jordan-buys-stake-in-bournemouth-football-club-42217725.html Actor Michael B Jordan buys shares of Bournemouth football club

Fry Electronics Team

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