London Daily

Focus on the big picture.
Friday, Jul 03, 2026

Chelsea FC sale: Brewing heir Santo Domingo backs Broughton bid

Chelsea FC sale: Brewing heir Santo Domingo backs Broughton bid

Alejandro Santo Domingo, part of the AB InBev global brewing dynasty, has agreed to back the bid for Chelsea FC tabled by Sir Martin Broughton.

A billionaire brewing heir is backing one of the trio of consortia which remain in the hunt to buy Chelsea FC as the auction of the Premier League club enters its final stages.

Sky News has learnt that Alejandro Santo Domingo, a Colombian citizen who sits on the board of the Budweiser-owner ABInBev, is part of the investor group assembled by Sir Martin Broughton, the former Liverpool FC and British Airways chairman.

Insiders said on Monday that Mr Santo Domingo, who is estimated by Forbes magazine to be worth more than $2.5bn, would become a minority shareholder in Chelsea if the consortium spearheaded by Sir Martin is successful.

He was a director of SABMiller, the FTSE-100 beer giant, prior to its £78bn takeover in 2016 by AB InBev, and now serves on a string of corporate boards.

Mr Santo Domingo has joined arguably the most cosmopolitan of the three remaining bidders, with the Indian-born businessman Vivek Ranadive and the US-based private equity billionaires Josh Harris and Dave Blitzer also part of the British-led group.

A spokesman for the consortium declined to comment on Mr Santo Domingo's involvement.

Russian billionaire and owner of Chelsea football club Roman Abramovich has been sanctioned by the Government


Preferred bidder could be named this month


Sir Martin's bid is being advised by Michael Klein, an investment banker who worked with him when he was parachuted in as chairman of Liverpool FC in 2010.

It has support from Creative Artists Agency, the global talent management agency, and Evolution Media Capital, a sports advisory and financing partnership.

Lord Coe - who, like Sir Martin, is a long-standing Chelsea fan - has also thrown his weight behind the bid.

Mr Santo Domingo's interest has emerged days after the deadline for final offers for Chelsea, with a preferred bidder potentially being identified as soon as this month.

Sky News revealed at the weekend that George Osborne, the former chancellor, had been parachuted in to help the Los Angeles Dodgers part-owner Todd Boehly's bid for the Blues, which has been lodged with substantial financial backing from the San Francisco-based investment firm Clearlake Capital.

The preferred bidder for the Stamford Bridge club could be named this month


Club's future in hands of ministers after Abramovich sanctioning


The auction of Chelsea has become arguably the most politically charged sports deal in British history, eclipsing even the controversial takeover of Newcastle United by a Saudi sovereign wealth fund-led consortium.

Roman Abramovich's sanctioning by the government and disqualification by the Premier League as a director of the club he has owned since 2003 has left the Stamford Bridge outfit's fate in the hands of ministers.

Raine Group, the merchant bank handling the sale, will be responsible for recommending a preferred bidder to the government in order to secure a special licence approving the sale.

The field of suitors for Chelsea shrank from four to three last week when a consortium involving the Chicago Cubs-owning Ricketts family, the Cleveland Cavaliers owner Dan Gilbert and the hedge fund billionaire Ken Griffin withdrew from the process.

Its decision left the consortium headed by Sir Martin competing against that of Mr Boehly and a rival offer headed by Steve Pagliuca, the Boston Celtics co-owner, and Larry Tanenbaum, the NBA chairman who owns elite sports teams spanning football, basketball and ice hockey.

The True Blues Consortium - a Chelsea supporters' group which counts former Blues captain John Terry among its founders - has thrown its weight behind Mr Pagliuca's bid.

Chelsea's Kai Havertz seen lifting the UEFA Champions League trophy


Final bids could see Chelsea value break record


More than 10,000 Chelsea fans have expressed an interest in owning shares worth more than £150m as part of the deal that will see Mr Abramovich replaced as the club's owner.

Final bids, which were expected to value Chelsea at more than £2.5bn - which would break the record for a sports club takeover - were tabled last Thursday.

If selected in time, a preferred bidder will have an FA Cup Final between Chelsea and Liverpool to look forward to, although an at times lacklustre season in the Premier League and last week's elimination from the Champions League have raised the prospect of a trophyless campaign at Stamford Bridge.

Sunday's semi-final was against Crystal Palace, which for the time being is backed by Mr Harris and Mr Blitzer - both of whom would have to sell their shares in order to invest in Chelsea.

Sources close to the remaining bidders say that Raine has told them it may await clearance from the Premier League for all of the consortia before presenting a preferred bidder to ministers.

Scrutiny of the four bids by English football's top flight has already got under way after the remaining consortia submitted details of their key investors to Raine more than two weeks ago.

The Premier League is expected to take the remainder of this month to evaluate those involved in the bids - who include a string of US billionaires and pillars of the British corporate establishment - and its work to approve all three consortia means the sale process may need to be extended.

The auction of Chelsea has become arguably the most politically charged sports deal in British history.


Premier League magnet for financiers from across the Atlantic


All the bidders have been told to provide legal undertakings that they will guarantee at least £1bn of investment in the club's infrastructure, its academy and women's team if they buy it.

The sale process has been complicated by the sanctions against Mr Abramovich, but has not inhibited interest from a multitude of billionaires who either control or own stakes in a legion of North American teams spanning baseball, basketball and ice hockey.

The cluster of bidders underlines the extent to which the English Premier League has become a magnet for financiers from across the Atlantic during the past 20 years.

Arsenal, Liverpool and Manchester United have all been acquired by US-based businessmen during that period, and a significant number of other top-flight clubs also have American backing.

War in Ukraine's impact on Chelsea


Last season's Champions League-winners have been thrown into disarray by Russia's war on Ukraine, with Mr Abramovich initially proposing to place the club in the care of its foundation and then formally putting it up for sale.

Prior to being sanctioned, Mr Abramovich had said he intended to write off a £1.5bn loan to the club and hand the net proceeds from the sale to a new charity that he would set up to benefit the victims of the war in Ukraine.

A rapid conclusion to the auction sale is seen as essential if Chelsea is to avert the post-season uncertainty that would trigger the break-up of one of the top flight's most valuable playing squads.

Mr Abramovich had initially slapped a £3bn price tag on the Stamford Bridge outfit, with the net proceeds being donated to a charitable foundation set up to benefit the victims of the war in Ukraine.

Newsletter

Related Articles

0:00
0:00
Close
Luxury bags take over the World Cup: style, status symbol, or just showing off?
National Productivity Institute Highlights Weak Business Investment Outside Southern England
UK High Court Orders Reassessment of Environmental Impact in Major Highway Project
UK Cyber Security Centre Warns of Rising Threat From State-Sponsored Digital Espionage
UK Education Secretary Launches National Reform of Apprenticeships and Vocational Training
Financial Conduct Authority Tightens Climate Risk Disclosure Requirements for Listed Firms
Rail Union Suspends Planned Strike Action to Enter Formal Negotiations With Operators
Northern Ireland Businesses Seek Clarity Over Post-Brexit Trade Rules
Welsh Government Launches Regional Growth Plan Targeting Transport and Digital Infrastructure
North Sea Wind Sector Attracts £5 Billion Investment Amid Expansion of Offshore Capacity
Scotland and UK Governments Establish New Framework for Coordinated Investment in Energy and Infrastructure
UK Government Launches Major Immigration and Border Policy Overhaul Review
Bank of England Signals Interest Rates to Remain Elevated Despite Easing Inflation Pressures
National Health Service Warns of Severe Winter Capacity Strain Across Hospital Trusts
Chancellor Orders Urgent Treasury Review Amid Concerns Over Structural Public Finance Gap
Prime Minister Unveils Sweeping Legislative Programme Focused on Housing, Health Service Reform and State Energy Plan
UK Parliamentary Committee Launches Inquiry Into Falling Primary School Rolls and Public Service Impact
UK House of Lords Debates Electoral Commission Powers and Political Finance Reform
UK Parliament Considers Expanding Carbon Rules to International Aviation and Shipping Emissions
UK Traffic Commissioner Revokes Hampshire Haulage Operator Licence Over Regulatory Failures
UK Parliament Examines Risks in Public Contracts Awarded to Technology Firm Palantir
UK Competition Watchdog Moves Toward More Flexible Merger Rules to Support Efficiency and Growth
UK Government Seeks Approval for £1.15 Trillion Public Spending Plan Amid Scrutiny Over Department Budgets
UK Parliament Debates Sweeping National Security and Steel Industry Nationalisation Bills
UK Government Issues Formal Apology for Historic Forced Adoption Practices and Announces £4 Million Support Scheme
UK DEFENCE AND TECHNOLOGY STRATEGY TILTS TOWARD SOVEREIGN CAPABILITY AND INDUSTRIAL INVESTMENT
UK ECONOMIC POLICY OUTLOOK SHAPED BY LEADERSHIP TRANSITION AND FISCAL SIGNALS
STERLING STRENGTHENS AMID SHIFTING MONETARY OUTLOOK AND GLOBAL LABOUR MARKET SIGNALS
UK HPV VACCINATION PROGRAM NEARLY ELIMINATES CERVICAL CANCER DEATH RISK IN YOUNG WOMEN
UK EXPANDS PRISON SAFETY REVIEW AS GOVERNMENT SEEKS WIDER SYSTEM REFORM
UK DRIVES DIGITAL ASSETS STRATEGY WITH NEW STABLECOIN REGULATORY MODEL
UK TO EXPAND AI INFRASTRUCTURE THROUGH NEW EUROPEAN TECHNOLOGY PARTNERSHIP
UK LAUNCHES £15 BILLION DEFENCE TECH SHIFT TOWARD ADVANCED MILITARY SYSTEMS
CIVIL SERVICE FACES SHIFT IN POWER STRUCTURE AS REGIONAL GOVERNANCE PLANS EXPAND
WHITEHALL CONSIDERS MAJOR DECENTRALISATION PLAN WITH SECOND GOVERNMENT HUB IN MANCHESTER
UK TARGETS SERVICES EXPORT GROWTH IN TRADE TALKS WITH CHINA AMID GEOPOLITICAL TENSIONS
POLICE WATCHDOG PROBES OFFICERS OVER HANDCUFFING OF DYING TEENAGER IN HAMPSHIRE CASE
UK REGULATORS UNVEIL DUAL OVERSIGHT FRAMEWORK FOR STABLECOINS AND DIGITAL ASSETS
KEIR STARMER ANNOUNCES £15 BILLION DEFENCE TECHNOLOGY BOOST IN FINAL MAJOR POLICY MOVE
ANDY BURNHAM SIGNALS STRICT FISCAL RULES AS LABOUR LEADERSHIP RACE SHAPES MARKET OUTLOOK
POUND STERLING HITS ONE-YEAR HIGH AS BANK OF ENGLAND SIGNALS NO IMMINENT RATE CUTS
UK Government Confirms Rejected Asylum Seekers to Remain Amid Enforcement Challenges
UK-China Economic Talks Focus on Services Trade and High-Value Sectors
Buckingham Palace Revamp Plans Unveiled to Modernise Royal and Public Facilities
Two Dead After Light Aircraft Crash in Essex Field, Investigation Underway
Princess Diana Marked at 65 With UK Tributes Reflecting on Her Public Legacy
England Teachers Face New Pay Cap Rules for Academy School Leaders Under Education Reform
Dublin Security Alert Escalates After Stabbing and Reports of Transport Disruption
UK Government Faces Scrutiny Over £10,000 Asylum Living Cost Contribution Requirement
England Prepares World Cup Knockout Match Against Democratic Republic of Congo
×