Hollywood star Michael B. Jordan is now the part owner of an EPL soccer team
- Hollywood star Michael B. Jordan is now the part owner of an EPL soccer team.
- The "Black Panther" actor is part of a consortium that has acquired AFC Bournemouth.
Hollywood star Michael B. Jordan is now a minority owner of the English Premier League soccer club AFC Bournemouth.
On Tuesday, Bournemouth confirmed that owner Maxim Demin had sold his 100% stake in the club to Black Knight Football Club – a consortium led by American investor Bill Foley.
Foley, the owner of the NHL's Vegas Golden Knights, is the managing general partner of Black Knight Football Club and will assume the position of chairman at Bournemouth.
The 77-year-old's Cannae Holdings Inc. has a 50.1% interest in the club, while the actor Jordan, who has featured in "Black Panther" and "Creed," is the leader of the minority ownership group.
"Bill and his partners are committed to providing the investment to sustain and build upon AFC Bournemouth's recent accomplishments, which includes returning to the Premier League in 2022/23, where the Cherries have spent six of the last eight seasons," said the club in a statement.
Foley said: "I have tremendous respect for the passion and support the Bournemouth community shows for this club and believe that connection to the community is the foundation for success of any sports team.
"We will move forward with an 'always advance, never retreat' approach that has defined all of my endeavors. I am committed to work with the best football and business minds available to enhance player development, facilities, and the fan experience to put AFC Bournemouth in the best possible position to succeed."
According to The Times of London, the total price of the takeover is $140 million.
Bournemouth has net debts of $113 million, according to The Times; however, these are effectively interest-free loans provided by Demin, which will be part of the takeover price.
Jordan is yet to publicly comment on the deal.