Upon graduating from West Point, Foley was commissioned as a Second Lieutenant in the Air Force, where during his career he negotiated million-dollar defense contracts with Boeing.

He would gon to invest in wineries, golf courses, hotels, ski resorts, steak houses, fast-food restaurants and auto parts manufacturers.

[12] In 2021, Foley announced Black Knight Sports & Entertainment had purchased an expansion team in the Indoor Football League to begin play in 2022 at the Dollar Loan Center in Henderson, Nevada.

[18] On October 11, 2023, the Australian Professional Leagues (APL) announced Foley as the preferred bidder to be the owner of a new A-Leagues expansion club, based in Auckland, New Zealand.

[20] At an AGM held in February 2024, Black Knight ratified a deal to become a significant minority shareholder in Scottish football club Hibernian.

[21] The result of this deal is that Black Knight will be acquiring 25% of Hibs for a £6 million investment, while the Gordon family will retain its majority control (60%) of the club.

[23] His wife and daughters are all involved in the family winery, located in Santa Monica, California,[24] while his son is the chief business officer of the Vegas Golden Knights.