Russian businessman sells Premier League club

Maxim Demin’s tenure at AFC Bournemouth is over

Russian businessman Maxim Demin is no longer the owner of AFC Bournemouth after selling his 100% stake in the English Premier League football club. 

Demin became co-owner of Bournemouth in 2011 when he reportedly paid £850,000 ($1.050 million) for his share of the southern club. 

In 2015, when Bournemouth were promoted to the Premier League, he sold a 25% share to Peak 6 investments before buying it back in 2019 and becoming the sole shareholder. 

On Tuesday, Bournemouth confirmed the sale of the club to 77-year-old American businessman Bill Foley.

Foley, who owns NHL franchise the Vegas Golden Knights, visited Bournemouth’s Vitality Stadium in October and saw Bournemouth come from behind to beat Leicester City 2-1. 

Two months later, Foley has completed his takeover after receiving Premier League ratification. 

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