The Latest Big-money Takeover In The EPL: What Does Investment Mean For Bournemouth?
December 11, 2015
If there is one trend that seems to drive the big money world of Premier League football, it is the swell of investment from overseas. Over the course of the last decade in particular, we have seen a huge number of takeovers funded by international conglomerates and globally recognisable investors.
While some of these have proven to be hugely successful (think of Roman Abramovic at Chelsea, for example), others have been less so. The ill-feted reign of the Venky’s at Blackburn Rovers provides a relevant case in point, and while they remain in charge they have failed to deliver any on-field success and overseen a number of public relations disasters in their time.
Appraising The Latest EPL Investment
Newly promoted Bournemouth is the latest club to benefit from an overseas investor, with Chicago-based equity firm Peak6 having purchased 25% stake in the south coast entity. This firm is led by Matt Hulsizer, who currently owns NHL ice hockey side Minnesota Wild and have been in contact with Bournemouth football club and its hierarchy regularly over the course of the last 15 months. The deal has been welcomed enthusiastically by The Cherries chairman Jeff Mostyn, whose long-term goal is to see Bournemouth compete aggressively in the top flight.
Interestingly, Hulsizer will immediately join the clubs’ board of directors alongside both Mostyn and Bournemouth’s Russian owner Max Demin. While this may contribute to a convoluted share structure and internal hierarchy, the overriding feeling at the South Coast club is that the move will enable them to achieve long-term success and compete in the harsh environment of the Premier League. The announcement has come at the perfect time for the Cherries, who despite struggling in the league managed to beat champions Chelsea at the weekend.
Is This Good News For Bournemouth?
Complex infrastructures and international investments have not always proven successful in the world of football, although there are examples where this has worked. The key is that Bournemouth can maintain their identity and close affinity with the fans, which have remained loyal to the club during genuine times of austerity.
The ambition of the move is to be admired, however, especially if the Cherries are to survive in the Premier League and become established side. The partnership also makes perfect sense, with Bournemouth already active in the American market and distinguished by the strong links it has forged with the Major Soccer League.