Chicago-based investment firm acquire stake in Bournemouth
Bournemouth have announced a Chicago-based investment firm has acquired a 25 per cent stake in the club.
The Cherries said on Monday the deal with PEAK6 Investments comes after they had established a relationship over 15 months with the company's co-founder and chief executive Matt Hulsizer, owner of NHL side the Minnesota Wild, and his colleague Jay Coppoletta. Both men are joining Bournemouth's board of directors.
Club chairman Jeff Mostyn said on Bournemouth's website: "The club is confident this partnership will further strengthen its ability to compete with the very best, and provide a platform to establish itself as a long-term Premier League club."
Bournemouth said Russian owner Max Demin believes the new partnership will "further enable the club to deliver long-term success, providing strategic insight and international presence."
Hulsizer said: "I am excited and honoured to partner with Maxim and AFC Bournemouth.
"I was introduced to the club over two seasons ago and since then I have followed the club's progress and seen the tremendous accomplishments in that time.
"With Eddie Howe and Jason Tindall managing the team, I am confident that we can establish ourselves in the top flight."
Bournemouth, promoted as last season's Championship title-winners, are currently 18th in the Premier League table after 12 games with eight points, putting them two adrift of safety.