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

about 17 hours ago
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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.The Black Knight Football Club that owns Bournemouth includes the Hollywood actor Michael B Jordan, who won this year’s best actor Oscar for his role in Sinners, as a minority shareholder.Foley’s investment vehicle, Cannae Holdings, provides most of the multi-club group’s funding, however, and is understood to be behind the bid for Exeter.Cannae’s chief executive, Ryan Caswell, was captured by TNT Sport’s cameras sitting next to Rowe at Sandy Park during Saturday’s 35-28 home defeat by Northampton.

It follows months of negotiations, with Exeter having previously been in touch with at least 80 would-be suitors.The 77-year-old Rowe, after more than 30 years’ involvement with Exeter, has acknowledged he cannot personally continue to fund the Chiefs’ ambitions.“I’ve put in an extraordinary amount of money to keep the club alive but it’s not fair on my family,” he told the Guardian.“The time has come where we’ve got to be very sensible about our futures.”Rowe also believes English clubs need to “wake up and smell the coffee” financially to ensure the successful launch of a mooted franchise league in 2029-30.

Red Bull has invested in Newcastle while James Dyson acquired a 50% stake in Bath last month and Northampton have just welcomed a new minority investor in Steve Zander.The sale of Exeter, a 155-year-old members’ club, still needs to be formally ratified at an extraordinary general meeting on 7 May.It is understood the support of 75% of the club’s approximately 700 members, who will be permitted to vote by proxy, is required.Exeter’s trustees are set to meet early next week to be presented with further details.Foley is estimated to have made more than $2bn (£1.

47bn) in the insurance industry through Fidelity National Finance before investing in sport over the last decade.After an initial foray into outdoor sports and mountain pursuits, Black Knight was awarded an expansion franchise in the National Hockey League in 2016, with the Vegas Golden Knights entering the competition the following year and winning the hallowed Stanley Cup for the first time in 2023.The previous year Foley set up Black Knight Football Club and completed the 100% purchase of AFC Bournemouth for £100m, the first part of a growing empire.Black Knight have gone on to buy the French club Lorient, New Zealand’s Auckland FC and Moreirense in Portugal, as well as briefly owning 25% of the Scottish club Hibernian, which has since been sold, making them one of the biggest multi-club groups in football.Bournemouth have been hugely successful under Foley’s ownership and have comfortably established themselves in the Premier League, despite having one of the smallest budgets in the division and a stadium that holds just 11,000.

Under the Spanish manager Andoni Iraola Bournemouth secured a club-record finish of ninth in the Premier League last season and arenow eighth, with a chance of qualifying for European competition for the first time.Black Knight’s intelligent use of data and shrewd transfer dealings has been instrumental to Bournemouth’s success and they will look to use similar tools when they take over at Exeter.
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Winners and judges out of pocket as £20,000 writing awards appear to have closed

A competition for new writers that promised a £20,000 prize fund appears to have shut down, leaving winners and judges, including a Booker prize-winning novelist, out of pocket.Established in 2022, the Plaza Prizes last year offered 10 awards that were judged by the “finest poets and writers in the world”.However, some of the judges for the 2025 competition say they were not paid, and a number of winners say they had their entries withdrawn after being accused of using AI to create their work – allegations they strenuously denied.One judge, the 2021 Booker prize winner Damon Galgut, described the competition as a “scam” after he did not get paid for his work judging a fiction section of the annual competition.Anthony Joseph, who won the 2022 TS Eliot poetry prize, also says he was not paid for his work

1 day ago
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Zelda taught me the importance of play – and has helped me deal with work, parenting and grief

I initially dismissed the Wind Waker’s cartoonish visuals as juvenile. But now I try to carry the game’s sense of joy into all aspects of my lifeI had a complicated relationship with video games when I was a teenager. I had straightforwardly, wholeheartedly loved the Nintendo games that I’d grown up with, tumbling around primary-coloured dreamscapes in Super Mario 64 and having the time of my life. But as I grew into a pretentious young adult in the early 00s, I started to want more from games, and I wasn’t finding it. So many of them were mindless, or juvenile, or needlessly violent

1 day ago
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From Lee Cronin’s The Mummy to Zayn: your complete entertainment guide to the week ahead

Lee Cronin’s The MummyOut now You probably know what The Mummy is, but do you know what a Lee Cronin is? Allow us to assist: he’s the Irish director responsible for effective indie horror The Hole in the Ground and the highest grossing entry in the Evil Dead franchise, Evil Dead Rises. His version of this classic horror sees a journalist (Jack Reynor) and his wife (Laia Costa) reunited with their child who went missing in the desert eight years ago, with nightmarish consequences.The Wizard of the KremlinOut now Jude Law is, wait for it, Vladimir Putin, with Paul Dano as fictional spin doctor Vadim Baranov in a new thriller from Olivier Assayas (Personal Shopper). Based on the l’Académie française prize-winning debut novel from Giuliano da Empoli.Miroirs No 3Out now German director Christian Petzold returns with a new film (the title refers to the piano solo by Ravel) starring his regular collaborator Paula Beer as a classical piano student recuperating in rural idyll afrer a dramatic car crash

1 day ago
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Lost Federico García Lorca verse discovered 93 years after it was written

A previously unknown verse attributed to Federico García Lorca has been discovered 93 years after the celebrated Spanish poet and playwright is believed to have jotted it on the back of one of his manuscripts.Lorca is thought to have written the eight-line poem in 1933 while working on the collection Diván del Tamarit, a homage to the Arab poets of his native Granada.The newly discovered verse was found on the reverse of a manuscript of one of the Tamarit poems – Gacela de la raíz amarga – which the flamenco singer and Lorca enthusiast Miguel Poveda bought from a German antiquarian.It has since been verified by the Lorca expert Pepa Merlo and will feature in a forthcoming book.The brief verse, composed three years before Lorca was murdered in the early days of the Spanish civil war, reveals the poet’s familiar preoccupation with the passing of time: “The clock sings / I count the hours mechanically / Seven o’clock; twelve o’clock / It’s all the same / I am not here / It is the mark of flesh / That I left behind when I departed / So as to know my place / Upon my return

1 day ago
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Stephen Colbert on Trump’s Vatican feud: ‘Damn, the pope just read you for filth’

On Thursday night, late-night hosts weighed in on Donald Trump’s tense back and forth with the pope over the war in Iran, high gas prices and outlandish details from a new biography of Robert F Kennedy Jr.On the Late Show, Stephen Colbert focused on Maga’s escalating feud with the pope. Reacting to comments by the House speaker, Mike Johnson, that Pope Leo XIV misunderstood the concept of the just war doctrine, Colbert said incredulously:“Correcting the pope on Catholic theology is a little like going into the woods and saying: ‘Excuse me Mr Bear, do you really think this is the appropriate place for you to be pooping? Who’s going to clean that up?”Colbert went on to explain that the “just war” is a concept of Catholic doctrine that goes back to the earliest days of the church. “It must be in self-defense once all peace efforts have failed,” said the host. “Only then can the war can be said to have ‘just cause’

2 days ago
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‘Packaging evil into something funny’: is making fun of Trump now just ‘clownwashing’?

During Donald Trump’s first term, as his lies distorted reality and gaslighted Americans, Stephen Colbert said his goal was to remind his audience: “Hey, you’re not crazy.”But watching political comedy during Trump’s second term – be it a deranged Saturday Night Live impression of a cabinet member, or a rapid-fire late-night monologue full of ICE jokes – it’s hard not to wonder: are we placating ourselves from the enormity of Trump-induced horror?It’s not a new concern, of course. Weak mockery of Nazi leaders may have allowed Germans to “let off steam” while the regime solidified its power. Decades later, as The Daily Show was taking off, some pundits feared it encouraged apathy by rolling its eyes at the political sphere. As the US inches closer to autocracy, how can comedy work against repression, rather than sanitizing its targets – call it “clownwashing”?“We are in a hyper-individualistic, transactional, consumerist kind of culture

2 days ago
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Falling fertility, debt and AI: is the US headed toward a population crisis?

about 3 hours ago
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Labour’s ‘crabwise’ approach to closer EU ties must address damage of Brexit | Heather Stewart

about 3 hours ago
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How a fiery attack on Sam Altman’s home unfolded

about 24 hours ago
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Kenyan firm sacks more than 1,000 workers after losing Meta contract

2 days ago
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Hampshire v Somerset, Gloucestershire v Lancashire, and more: county cricket – live

about 2 hours ago
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‘Last year is over’: Oklahoma City launch title defense as NBA’s parity era faces test

about 4 hours ago