A partnership led by American businessman Bill Foley has completed its takeover of Bournemouth.

Previous owner Maxim Demin has sold his 100% stake in the Cherries to Foley’s Black Knight Football Club.

the owner of NHL ice hockey franchise the Vegas Golden Knights, assumes the position of chairman.

In a statement, the club said Foley was “committed to providing the investment to sustain and build upon Bournemouth’s recent accomplishments”.

It is the latest American investment into the Premier League after a group led by Todd Boehly took over Chelsea in May.

Liverpool, Manchester United, Arsenal, Aston Villa, Crystal Palace, Fulham, Leeds, West Ham and Manchester City all also have US investment on some scale.