A partnership led by American businessman Bill Foley has completed its takeover of Premier League side Bournemouth in a deal reportedly worth more than £100million.
Previous owner Maxim Demin has sold his 100 per cent stake to Foley's Black Knight Football Club, ending his 11-year stewardship of the Cherries.
Foley, who owns NHL ice hockey franchise the Vegas Golden Knights, is the club's new chairman and is backed by a minority ownership group that includes American actor Michael B. Jordan.
"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," Foley told Bournemouth's official website.
"We will move forward with an 'always advance, never retreat' approach that has defined all of my endeavours.
"I am committed to work with the best football and business minds available to enhance player development, facilities, and the fan experience to put Bournemouth in the best possible position to succeed."