sports
AFC Bournemouth’s Owner Bill Foley Behind US Takeover of Exeter Chiefs
Chiefs’ New Owner Will Be Black Knight Sports and Entertainment
TL;DR
- Bill Foley, owner of AFC Bournemouth, is set to take control of Exeter Chiefs.
- The deal involves Foley's multisport investment company, Black Knight Sports and Entertainment.
- Hollywood actor Michael B Jordan is a minority shareholder in Black Knight Football Club.
- Exeter's chair, Tony Rowe, agreed to sell due to the need for significant funding and family considerations.
- The sale requires formal ratification by 75% of Exeter's approximately 700 members.
- Foley has a history of successful sports investments, including the Vegas Golden Knights NHL team and multiple football clubs.
- Black Knight's strategy involves intelligent use of data and shrewd transfer dealings, which will be applied to Exeter.