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FB Roundup: Gautam Adani, Todd Boehly, Guy Hands

May 25, 2022

In this week’s FB Roundup, Gautam Adani’s family office invests in an Abu Dhabi petrochemicals firm; the Todd Boehly-led consortium is officially approved as new Chelsea FC owners; and British tycoon Guy Hands bids to buy Butlins holiday camps.

Gautam Adani’s family office invests in Abu Dhabi petrochemicals firm
The family office of Asia’s richest man, Gautam Adani, has committed to invest $75 million in an Abu Dhabi-based petrochemicals firm as part of a $2 billion initial public offering (IPO) - the biggest-ever listing in the United Arab Emirate (UAE) state.

FB Roundup: Reetu Gupta, Todd Boehly, Alberto Safra

May 10, 2022

In this week’s FB Roundup, Reetu Gupta is appointed chairwoman of The Gupta Group; Todd Boehly’s syndicate agrees to purchase Chelsea FC for £4.25 billion; and Brazilian billionaire Alberto Safra buys a Sao Paulo real estate firm.

Reetu Gupta appointed chairwoman of The Gupta Group
Reetu Gupta, a two-time recipient of Canada's top 100 most powerful women award, has been named chairwoman and ambassadress of The Gupta Group, taking over the running of the privately owned family office from her father, Dr. Steve Gupta.

FB Roundup: Brewing heir joins Chelsea FC bid, Twitter board’s strategy against Musk takeover, Conran restaurant chain goes on sale

April 19, 2022

In this week’s FB Roundup, Brewing heir Santo Domingo joins a Chelsea FC consortium; Twitter’s board of directors approves a ‘Poison pill’ strategy against Elon Musk’s takeover bid; and Sir Terence Conran’s former restaurant empire is up for auction.

Brewing heir Santo Domingo backs Chelsea FC takeover bid
Colombian-born billionaire brewing heir Alejandro Santo Domingo [picured left] has announced his backing for the bid to buy Chelsea Football Club.

Santo Domingo, who sits on the board of the world’s largest brewer ABInBev, has joined part of the investor group spearheaded by former Liverpool FC and British Airways chairman Sir Martin Broughton.

Billionaires betting on football

May 6, 2011

What is it about family business leaders and football? They love the sport and are also prepared to lose millions on the game.

Football in the UK attracts investment from prominent figures, many of them linked to family businesses including steel magnate Lakshmi Mittal and Abu Dhabi’s Sheikh Mansour. In Italy families back some of the largest clubs; the Agnellis finance Juventas and the Moratti family are behind Inter to name just a few.

Family owner resigns as director of Liverpool FC

January 12, 2010

Tom Hicks Jr, son of the co-owner of the English Premier League football club Liverpool FC, resigned yesterday as a director of the club and its parent company Kop Holdings.

Molson family excited to regain ownership of Montreal Canadiens

June 22, 2009

American millionaire George Gillett is selling his 80.1% share in the Montreal Canadiens ice hockey team to the Molson family for $550 million.

Gillett, who is the co-owner of Liverpool FC, is selling in order to ease the pressure mounting on the English football club he co-owns with fellow American businessman Tom Hicks. The pair have until 24 July to repay the $576 million they owe to the Royal Bank of Scotland and Wachovia financial services.