AFC Bournemouth have released the briefest of statements regarding the selling of 25% of the shares in the football club, back to majority shareholder Maxim Demin.
The statement on afcb.co.uk read…
AFC Bournemouth Limited is now 100 per cent owned by AFCB Enterprises Ltd, following the acquisition of PEAK6 Football Holding LLC’s 25 per cent shares.
The club would like to thank PEAK6 Football Holdings LLC for their investment in and commitment to AFC Bournemouth since November 2015.
The American investors in #afcb Bournemouth have sold their share back to Max Demin. The move by Chicago based Peak 6 investments means that the Cherries are now 100% controlled by the Russian businessman’s ownership group.
— Tony Husband (@TonyHusband) January 28, 2019
As a result, Matt Hulsizer & Jay Coppoletta have left the board of directors at #AFCB.
— BBC Radio Solent Sport (@solentsport) January 28, 2019
American businessmen Matt Hulsizer and Jay Coppoletta leave their positions as AFC Bournemouth directors leaving AFC Bournemouth chairman Jeff Mostyn, Cheif Executive Neill Blake, Nick Rothwell and Rico Seitz on the Cherries board.
There are now four on the board directors of @afcbournemouth: Neill Blake, Jeff Mostyn, Nick Rothwell & Rico Seitz (Demin’s representatives).
— Kris Temple (@kristemple) January 28, 2019
Interesting developments at #afcb with regard their ownership.
Russian Maxim Demin back to owning 100% now.
One owner means he calls the shots. On everything.
— Mark McAdam (@markmcadamtv) January 28, 2019
Peak 6’s minority shareholding in AFC Bournemouth started at the end of 2015, several months after the Cherries promotion to the Premier League.
Chicago based company Peak 6 purchased 25% of the shares in the club from Demin and there was initially a lot of excitement into what their involvement would mean for AFC Bournemouth.
Hulsizer already held an interest in professional sport as he had an ownership interest in the Minnesota Wild of the United States of America’s National Hockey League.
In 2017 this expanded further when it was reported that they had an interest in investing in League of Ireland Premier Division side Dundalk.
But from this point onward there has been limited comment regarding the ownership of AFC Bournemouth.
Non-existent forward thinking from Bournemouth confirms what we all feared
Your say…
northstandmark wrote…
Can’t call it either good or bad right now I don’t think?
We’ve hardly done too badly when owned 100% by Max in the past, so it’s hard to get worried about.
What happens next will be more instructive though. Perhaps Max will appoint directors to assist him again, who left when Peak 6 came in. Or perhaps he’s looking around for other outside involvement. – Join the conversation, click here.
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