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Bournemouth: US firm buys 25% stake and targets long Premier League stay

Bournemouth have announced that a Chicago-based private equity firm has bought a 25% stake in the club. Peak6 Investments will have two representatives on the board.
The club said their Russian owner, Maxim Demin, had established a relationship with Peak6’s co-founder and CEO, Matt Hulsizer, over the past 15 months and that the investment is designed to help them become established in the Premier League.
Hulsizer is involved in US sport through the National Hockey League’s Minnesota Wild. He and Jay Coppoletta will join Bournemouth’s board.
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.”

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