By Sean Fisher

16th Aug, 2023 | 1:23pm

Revealed: Bournemouth land £25m windfall as official paperwork filed

Bournemouth owners have injected £25million into the club’s accounts in the form of a new share issue, Football Insider can reveal.

A Companies House submission filed on Monday (14 August) shows that 25.4million new shares have been allotted for £1 each.

It is not clear whether the investment comes in the form of new cash or the conversion of debt into equity.

Bournemouth’s gross financial debt grew £19m from £165m to £184m in their 2021/22 accounts, while the amount owed to the club’s former owner Maxim Demin increased by £36m to £165m.

However, the Cherries have since been taken over by Black Knight Football Club, a partnership led by American businessman Bill Foley and Cannae Holdings.

The new ownership group have invested in the club both on and off the pitch, with Foley drawing up plans for a new training ground.

Player investment has also ramped up under new owners, with £71million spent on new signings in 2022/23 and a further £86million spent this summer on the likes of Hamed Junior Traore and Alex Scott.

Andoni Iraola could look to add even more signings to his squad this summer, with Football Insider revealing that Bournemouth are in pole position to sign Leeds United star Tyler Adams.

The American midfielder reportedly has a release clause of £20million in his contract, but it is not clear whether the latest share issue will be used to fund that move.

In other news, Major update as West Ham eye late move for Bournemouth star