AFC Bournemouth’s owner Bill Foley behind US takeover of Exeter Chiefs

• Chiefs’ new owner will be Black Knight Sports and Entertainment

• Michael B Jordan has stake in company that owns Bournemouth

Bill Foley, owner of AFC Bournemouth, is poised to take control of Exeter Chiefs in a multimillion-pound deal that will bring Premier League and Hollywood glamour to English club rugby.

The Guardian revealed this week that Exeter’s chair, Tony Rowe, had agreed to sell the club to a wealthy American investor, and can now disclose the club’s new owner will be Foley’s multisport investment company, Black Knight Sports and Entertainment.