{
  "id": 275895,
  "title": "Billionaire Tequila CEO Purchases Stake in Los Angeles Football Club",
  "url": "https://urgent.news/2026/08/07/billionaire-tequila-ceo-purchases-stake-in-los-angeles-football-club",
  "topic": "ai",
  "section": "AI",
  "published": "2026-08-07T18:32:13.000Z",
  "source": {
    "name": "Yahoo Sports",
    "slug": "yahoo-sports",
    "url": "https://sports.yahoo.com/articles/billionaire-tequila-ceo-purchases-stake-183213695.html"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "Juan Domingo Beckmann, the billionaire CEO of Jose Cuervo, has joined the ownership group of Los Angeles Football Club (LAFC), according to Yahoo Sports. The deal, which finalized the transfer of 6% of the club's equity at a $1.25 billion valuation, saw the departure of previous owners Joe Tsai and Mike Mahan. Beckmann, who is one of the wealthiest business magnates in Mexico, is now listed as a Director and Owner of LAFC. Other notable celebrity owners include Will Ferrell, Earvin \"Magic\" Johnson, and Marc Merrill. The investment does not signify an official connection between Jose Cuervo and LAFC, but it may have implications for the future.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}