The Premier League club issued a statement on Tuesday announcing owner Maxim Demin had sold the team to Black Knight Football Club, a partnership led by American businessman Bill Foley. Jordan and music entrepreneur Nullah Sarker were also confirmed as part owners and will attempt to market the South Coast club, who are known as The Cherries due to their black and cherry red kit. A statement from AFC Bournemouth read: "AFC Bournemouth is Michael's first foray into professional sports ownership, as he and Nullah will work closely with Bill in areas including..."