BILL Foley has revealed his plans to expand the capacity at Vitality Stadium, as well as continue work on the club's new training ground.

American businessman Foley is closing in on completing his reported £120million purchase of Cherries from Maxim Demin.

Final paperwork between both parties has now been signed, with the deal currently being ratified by the Premier League. Providing there are no hitches, it is expected to go through in the next few weeks.

And now Foley, who is also the owner of ice hockey side Vegas Golden Knights, has outlined his plans for structural development at his new club, including continued work at Canford Magna.

"We’re setting aside funds for the new training facility,” Foley told The Athletic.

“That’s already approved. They’ve already built one synthetic outdoor pitch, and they’re building an indoor pitch, which gets us to a level two academy.

"We’re a level three right now and that’s no good.

“If you’re level three, by the time your players are 14, 15 or 16 years old, they’re all getting poached by somebody else. So you have to get to level one, and that’s going to take us about a year and a half.”

He added: “The first team is going to be housed out there, and the academy will be out there.

“We’re really spending the money to get this done right.

"The one thing I will say about the previous owner, or current owner, is he spent money, but he spent it on players.

"He didn’t spend it on infrastructure. So we need to develop this training facility and have it be state of the art, because right now they’re all kind of compacted into a really small place.”

Cherries currently do not own Vitality Stadium, so before completing any work on the ground, would have to purchase it from existing owners Structadene.

“On one end of the pitch is a temporary stand, so that can easily be expanded to 5,000-6,000 seats with a double deck,” Foley explained.

“As soon as we buy the stadium, if we decide to go that route, then we’ll get underway on that immediately because we have to have more seats.

“We’re the smallest stadium in the Premier League and it just doesn’t work.

“You can’t get hospitality going. You can’t do a proper job on your sponsorships or your ticketing.

"We’re sold out but it’s because people have been buying these tickets for the last 20 years. We need a new generation to be able to go to games.”

The Athletic's report adds that Foley explained they would need to determine if the current main stands are structurally sound enough to build a second deck on top of them.

If not, there could be plans to demolish each section one at a time and replace them with double-tiered stands over the next five years.

Foley added how his eventual hope, either through developing the current site or building a new stadium, is to have a capacity between 20,000 and 25,000.