AFC Bournemouth reportedly up for sale

Published by

Sam Pither

With Bournemouth returning to the top flight of English football, the club owner, Maxim Demin, is reportedly reviving an attempt to sell the club.

This is according to Bloomberg UK, who say that, according to a document codemnamed “Project Goal”, California-based advisory firm Montminy & Co. have been appointed to help oversee a sale of the club.

Demin’s ownership of The Cherries dates back to 2011, when he acquired 50 per cent of the club, before taking full control two years later.

As is usual when a club joins the Premier League, Bournemouth’s revenue for next year is expected to reach £150.1 million, compared to the £118.5 million reported this year. Considering the volatility of earnings if teams get relegated, it is unsurprising Bournemouth’s owner would look to capitalise on the team’s current strong position.

English football clubs are currently hot property for American investors, driven in part by an appreciating dollar exchange rate against the pound. Valuations also tend to be cheaper than those on American sports franchises.

Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset. A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise. Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.