Revealed: Bournemouth owners bankroll £67m injection as new documents filed
Bournemouth owners have injected £67million into the club in the form of a new share issue, Football Insider can reveal.
A Companies House submission made on Thursday (4 January) states that 67.2million new shares have been issued at £1 each.
It is not clear whether the investment comes in the form of new cash or the conversion of debt into equity.
The Cherries were taken over in 2022 by Black Knight Football, led by American businessman Bill Foley and Cannae Holdings.
The US duo previously issued new shares worth £25million back in August, taking the total amount invested this season to over £92million.
In their latest 2021/22 accounts, Bournemouth’s gross debt stood at £184million with £165million owed to previous owner Maxim Denim.
Bournemouth’s updated finances from 2022/23 are expected to be published in the coming days with all 20 Premier League clubs required to submit their accounts by a 31 December deadline.
The cash raised through the share issue could be added to Bournemouth’s January budget with the transfer window now open.
The Cherries are also looking to complete business deals off the pitch in the form of a minority investment deal in Scottish side Hibernian.
Reports suggest Foley is planning to invest £6million into Hibs to expand his ownership portfolio and open a multi-club network.
Foley has also spoken about plans to build a new ‘£90million’ stadium with the Vitality Stadium labelled as ‘inadequate’ due to its 11,300 capacity.
In other news, Bournemouth plan to reject January offer for 26-year-old star