Multi-club ownership groups have had a tough year in the eyes of many, with high profile cases around Crystal Palace & Lyon as well as Forest & Olympiacos showing the competitive risk of one owner or group having too much control over multiple entities. But, and it is a big but, this model can be a hugely valuable business and performance structure to apply to football.

Tim Bezbatchenko is the President of Black Knight Football, the group who owns or has minority ownership in multiple clubs including Bournemouth, Hibernian, and Lorient in France to name a few. It’s an amazing time to be having this chat with Tim due the success Bournemouth are achieving this season, miraculously after another summer of selling some of their best players. This is an insight into how they have built a player trading model to offset the financial challenges of having an 11,000 seater stadium, the plans to develop infrastructure, the value of shared intelligence and analytics across multiple clubs, and most importantly how you protect the badge of each team so they do not just become feeders to the premium asset in the group.

This is a proper look at the MCO model from someone who firmly believes that collective value can breed the best business in football. We’re delighted to welcome Tim to the Business of Sport.

Timestamps:

00:00 Intro

04:26 What Black Knight is really about

12:07 The business edge of owning multiple clubs

17:02 Inside Bournemouth's rise under Andoni Iraola

25:45 Bill Foley's mantra: "Always Advance, Never Retreat"

31:24 How Bournemouth sells stars yet keeps getting better

44:52 Building a sustainable club: revenue, academy & player trading

01:01:14 Why Bill Foley chose Bournemouth over an MLS team

On today’s show we discuss: 

The Rise of Black Knight Football Group:

• What it takes to build a multi-club ownership group across five countries and why Bill Foley’s “Always Advance, Never Retreat” mantra is shaping everything from the Premier League to Portugal.
• How AFC Bournemouth became the flagship club for a growing global network that includes Hibernian, Lorient, and Moreirense.
• Why multi-club ownership is football’s next frontier and how to build it sustainably

Inside the Business Model:

• The economics behind owning multiple clubs from shared scouting, player development, and data systems to group-wide sponsorship deals.
• Why player trading drives profitability, and how clubs like Lorient and Moreirense fuel Bournemouth’s long-term success.
• The art of finding value: buying clubs with strong DNA and fan culture, not just financial upside
• How Black Knight is using its network to develop talent like Junior Kroupi and accelerate their pathway to the Premier League.
• Why football’s next phase will be defined by structure, not just spending.

Building a Sustainable Premier League Club:

• Inside Bournemouth’s transformation from League Two survival story to Premier League mainstay.
• How a £45m training ground and planned stadium expansion are reshaping the club’s future.
• The economics of player trading, matchday revenue, and sponsorships and what it really costs to compete with England’s elite
  

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