New Bournemouth owner Bill Foley warns Hollywood star Michael B Jordan and other partners that he is a ‘DICTATOR’ and is always ‘captain of the ship’ as he prepares to get stuck into the Premier League side after £150m takeover
New Bournemouth owner Bill Foley has declared himself a ‘dictator’ and warned Hollywood star Michael B Jordan and his other investors that he will be ‘captain of the ship’ running the Premier League side.
The 78-year-old had his £150million takeover of the south-coast club confirmed this week and Foley, who becomes the club chairman, will be in attendance when they take on Crystal Palace on New Year’s Eve.
Buying into the Premier League has been years in the making and now he has taken over Bournemouth he is planning to run it exactly as he wants – with investors, which include Creed and Black Panther star Jordan, playing a limited role below him.
Las Vegas businessman Bill Foley completed his £150m takeover of Bournemouth this week
Hollywood star Michael B. Jordan (pictured) is part of businessman Foley’s consortium
‘I have looked at several teams over the last two or three years and they all involved minority investment and someone else is already in charge. I don’t like that. I’m a dictator,’ Foley told BBC Radio Solent.
‘When I’m involved, I need to be the captain of the ship. I had to wait for a situation where I could buy the team myself, with my partners of course, and control the destiny of the team.
‘I’ve always said with the Vegas Golden Knights that if there’s a mistake made then it’s on me. I’ll take responsibility and I plan on doing the same thing with AFCB.’
He added: ‘I tell my limited partners, and they know this, there is nothing more limited than being a limited partner of Bill Foley.’
Foley, as chairman of Cannae Holdings Inc, holds a 50.1 per cent stake in Bournemouth.
Jordan is one of a number of minority owners involved in the takeover and Bournemouth say the Hollywood actor will focus on the ‘global marketing and internationalisation of the club.’
Las Vegas businessman Foley, who also owns NHL franchise Vegas Golden Knights, initially finalised his £150m takeover of the Cherries back in October.
But it took some time for paperwork to be finalised, which occurred this week with his deal ratified by the Premier League.
Foley is the owner of NHL team Las Vegas Golden Knights and chairman of Fidelity National Financial, one of the largest insurance companies in the US, and is said to be worth $1.2billion (£1.08bn).
Bournemouth will be the third sports team in Foley’s portfolio, alongside NHL side Vegas Golden Knights and the Indoor Football League franchise, the Vegas Knight Hawks.
Premier League club Bournemouth will be the third sports team in Foley’s portfolio
Foley is the owner of Las Vegas Golden Knights and chairman of Fidelity National Financial
Foley takes Bournemouth on from Swiss-based Russian businessman Maxim Demin, who owned the club for 11 years.
That spell included the Cherries rising up from League One to the top-flight in the space of five seasons.
‘When Maxim Demin took on AFC Bournemouth in 2011, the football club was in a very precarious position,’ Bournemouth CEO Neill Blake said upon completion of the takeover.
Foley will become the club chairman and will be in attendance at the game on New Year’s Eve
‘Without the belief and financial backing of Mr. Demin and his family, AFC Bournemouth might well have ceased to exist.
‘It took less than five seasons of Maxim’s involvement for the club to progress from League One to the Premier League, where his support allowed us to establish ourselves as a top flight team.
‘These are heights we could never have dreamt of reaching previously, and we were delighted he helped us achieve them again last year.’