A private equity firm from the United States is set to buy a 25% stake in Premier League club Bournemouth, BBC South Today reports.

Chicago-based Peak 6 are understood to be the group involved, having previously failed in a takeover of Championship club Reading.

Bournemouth are yet to comment on the reports, but say they will release a statement later.

The Cherries are currently 18th in their first Premier League season.

Russian owner Max Demin, who has played a crucial role in the club’s rise to the top flight, will remain involved should Peak 6 complete their investment.

Bournemouth have been active in the US market for some time, forging links with Major League Soccer, including a pre-season friendly against Philadelphia Union earlier this year.

Eddie Howe’s injury-ravaged squad has found life tough in the Premier League, and were beaten 1-0 by Newcastle on Saturday despite dominating the game for long periods.

However, Peak 6’s involvement could provide an injection of funds ahead of the January transfer window.