Bill Foley, the new owner of Premier League side Bournemouth AFC, has purchased a minority stake in Ligue 1 side Lorient.
Foley – who also owns NHL side Vegas Golden Knights – bought Bournemouth in December for 120 million GBP.
Foley is said to be building a “multi-club ownership strategy”, and this deal “provides the opportunity to invest additional capital after this season.”
Foley is said to also be looking at other clubs in South America and Belgium as he builds his empire.
“We are excited to announce a strategic partnership and investment in FC Lorient today,’ read the statement,” reads a statement announcing the deal.
“Loïc Fery has successfully built a best-in-class football club,” Foley said of Lorient’s president, “and will be a great partner as we build BKFE into a leading multi-club football operator.”
“I look forward to partnering with Loïc and his team to accelerate the success of FC Lorient and BKFE.”