Newcastle United's next opponents Bournemouth will be buoyed for their trip to Tyneside after Bill Foley completed his takeover at the south coast club. Maxim Demin has sold his 100% stake in the club to Black Knight Football Club, of which Foley is the Managing General Partner, with a number of limited partners including a 50.1% interest for Cannae Holdings Inc., and certain other investors many of whom invested in the Vegas Golden Knights.
Celebrities Michael B. Jordan and Nullah Sarker are also part of the takeover in a minority group. Foley will assume the role of Chairman with immediate effect but will not be present on Tyneside for the Cherries' Carabao Cup clash with Newcastle.
He will attend the club’s next home match, against Crystal Palace on 31 December. Having also purchased a home in the local area, Foley has reaffirmed his commitment to the football club and surrounding community.
