Russian businessman Maxim Demin has regained full ownership of English Premier League football club AFC Bournemouth after acquiring the 25 per cent stake held by Chicago-based private equity firm Peak6 Investments.
Peak6 first invested in Bournemouth in November 2015. Demin, through his AFCB Enterprises company, acquired a 50-per-cent stake in Bournemouth in 2011, before going on to secure full control in 2013.
The Peak6 deal reduced his interest, but Bournemouth announced Demin had repurchased the stake in a statement released on Monday evening. The club added: “The club would like to thank Peak6 Football Holdings LLC for their investment in and commitment to AFC Bournemouth since November 2015.”
Bournemouth is currently enjoying its fourth consecutive season in the Premier League, but has been seeking means to improve its stadium options. In October, Bournemouth admitted that it was “overly optimistic” when announcing proposals to move into a new stadium by the summer of 2020.
The club announced in July 2017 that it would begin drawing up plans for a new stadium on the Kings Park site that is “befitting of a Premier League club”. Bournemouth’s Vitality Stadium is the smallest ground in the Premier League with a capacity of only 11,464 and the club views a new stadium as key to its plans to establish itself as a mainstay in the top flight.