Bill Foley spotted in France closing deal to take stake in Lorient
EXCLUSIVE: Bill Foley spotted in France as he closes up a deal to take a 33% stake in Ligue 1 club Lorient before completing a full takeover – just a month after becoming the new Bournemouth owner
- Bill Foley was spotted in France on Wednesday finalising a stake in Lorient
- It’s understood the US owner will initially take a 33 per cent stake in the club
- It’s believed he will then move to take over Ligue 1 club completely in the future
- Foley and his consortium formally took over at Bournemouth on December 13
New Bournemouth owner Bill Foley was in France on Wednesday, finalising a deal to take a stake in Ligue 1 club Lorient.
The Cherries supremo wants to set up a multi-club group similar to that operated by Manchester City and is also looking at another side in Belgium.
It is understood that the American will initially take a 33 per cent slice of Lorient, with a view to eventually completing a full takeover. An announcement is expected in the coming days.
New Bournemouth owner Bill Foley was in France on Wednesday to finalise a deal with Lorient
Foley and his consortium, which includes actor Michael B. Jordan, took over at the Vitality Stadium on December 13, and now he is plotting a stake in Lorient for a multi-club model
Foley and his consortium formally took over at the Vitality Stadium on December 13, at the conclusion of Russian owner Maxim Demin’s 11-year association with the club in a deal thought to be worth around £120million.
He is also intending to swoop for a club in South America, in a move that would eventually see players shared around the group. Lorient, in Brittany, are currently sixth in Ligue 1.
Texas-born Foley, 78, also owns NHL franchise Vegas Golden Knights, and is estimated to be worth more than $1bn.
He is also the chairman of Fidelity National Financial, one of the largest insurance firms in the United States.
It is understood that the American will initially take a 33 per cent slice of Lorient, with a view to eventually completing a full takeover. Pictured: Stade du Moustoir – Lorient’s ground
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