Maxim Demin Explained

Maxim Demin
Occupation:Businessman, owner of AFC Bournemouth
2011–2022

Maxim Victorovich Demin (born October 1969)[1] is a Russian-born British businessman. In 2011, Demin became co-owner of then Football League side AFC Bournemouth with Eddie Mitchell, reportedly paying £850,000 for his share of the club.[2] Subsequently in 2015 the club were promoted to the Premier League.[3] In 2015, he sold a 25% share in the club to Peak 6 Investments.[4] In 2019, he repurchased the 25% share in the club to become the sole shareholder.[5] In December 2022, Demin sold his 100% stake as AFC Bournemouth owner to Black Knight Football Club, with its Managing General Partner, Vegas Golden Knights owner Bill Foley, becoming the new chairman of the club, ending Demin's 11 year association with AFC Bournemouth.[6] [7] [8] Demin is also noted as one of the beneficiaries of the NK Celje football club, Slovenia.[9]

Demin has been involved in the petrochemicals industry and as a trader.[10] [11] [12] Demin was not targeted for sanctions by the UK government in response to Russia's February 2022 invasion of Ukraine. This is because he had become a UK citizen.[13]

Property

Demin spent £5 million on a mansion in Sandbanks (Dorset), having bought a 50% interest in the nearby professional football club, AFC Bournemouth.[14]

Notes and References

  1. Web site: Sky Sports. 6 December 2016.
  2. Web site: Russian co-owner for Cherries . www.footballeconomy.com . 10 November 2011 . 25 July 2013 . https://web.archive.org/web/20130321215755/http://footballeconomy.com/content/russian-co-owner-cherries . 21 March 2013 . dead .
  3. https://www.bbc.co.uk/sport/0/football/32315677 BBC Sport – Bournemouth promotion: Bucket collections to Premier League
  4. Wilson, Jeremy. "AFC Bournemouth owner Maxim Demin sells 25 per cent stake to US private equity firm", The Telegraph, 9 November 2015. Accessed 12 January 2016.
  5. Hellier, David."U.S. Investor Takes Stake in U.K.’s Wolverhampton Wanderers FC", Bloomberg, 18 October 2021. Accessed 8 August 2022.
  6. News: A MESSAGE FROM MAXIM DEMIN .
  7. News: AFC BOURNEMOUTH ACQUIRED BY BILL FOLEY-LED PARTNERSHIP .
  8. News: BILL FOLEY: A LETTER TO SUPPORTERS .
  9. Web site: Golovin . Alexandr . Aug 30, 2023 . He is creating a second Red Bull empire. The mysterious history of the Russian club in Slovenia .
  10. Web site: Russian businessman Maxim Demin completes Bournemouth deal . BBC Sport . 9 November 2011 . 25 July 2013.
  11. News: Demin funds redesign to make lowly Bournemouth fashionable . https://ghostarchive.org/archive/20220512/https://www.independent.co.uk/sport/football/football-league/demin-funds-redesign-to-make-lowly-bournemouth-fashionable-6710400.html . 2022-05-12 . subscription . live . The Independent . 11 February 2011 . 25 July 2013.
  12. Web site: Cherries: Mitchell highlights importance of co-owner Demin . Bournemouth Echo . 22 April 2013 . 25 July 2013 . Perrett, Neil.
  13. Rose, Dan."Parker: 'I have had nothing but full support from Maxim since I have been here'", Bournemouth Daily Echo, 3 March 2022. Accessed 8 August 2022.
  14. Bishop, Katrina. "Rich Russians lured to ‘Britain’s Palm Beach’", CNBC, 26 September 2013. Accessed 12 January 2016.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Maxim Demin".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.