Billionaire Tequila CEO Purchases Stake in Los Angeles Football Club
Juan Domingo Beckmann, the billionaire CEO behind Jose Cuervo, Maestro Dobel and Gran Coramino, has joined the Los Angeles Football Club’s ownership group. The deal was finalized earlier this year when 6% of the club’s equity reportedly changed hands at a $1.25 billion valuation. The transaction marked the departure of Brooklyn Nets owner Joe Tsai […]
Billionaire Juan Domingo Beckmann, the CEO of Jose Cuervo and other tequila brands, has announced his purchase of a stake in the Los Angeles Football Club (LAFC). The deal, finalized earlier this year, saw Beckmann acquire 6% of the club's equity at a valuation of $1.25 billion. This transaction resulted in the departure of previous owners, Joe Tsai and Mike Mahan, with LAFC now joined by Beckmann, former LAFC player Carlos Vela, and two anonymous partners.
Beckmann, a prominent Mexican businessperson and a significant player in the tequila industry, is now listed as a Director and Owner of LAFC. Other notable owners of the club include comedian Will Ferrell, NBA legend Earvin "Magic" Johnson, and Marc Merrill, co-creator of the video game League of Legends. Beckmann's new ownership represents the eleventh generation of the family's involvement in Becle, the firm behind Jose Cuervo, Bushmills, and Proper No. Twelve Irish Whiskey.
The investment does not imply an official connection between the tequila brand and LAFC, but it may evolve into one.
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