Bill Foley completes Bournemouth takeover

TAKING OVER: Bill Foley has completed his takeover of Bournemouth. Pic: Adam Davy/PA

American businessman Bill Foley has completed his takeover of Bournemouth after receiving ratification from the Premier League.

Black Knight Football Club, of which Foley is the managing general partner, has purchased a controlling share in the club after previous owner Maxim Demin opted to sell his 100 per cent stake.