Tag: Alejandro Santo Domingo

Former Google CEO is a part of Josh Harris’ bid for the Commanders

Another big name is revealed as part of Josh Harris’ group.

Another day, another name linked to Josh Harris’ bid to buy the Washington Commanders.

On Thursday, Sportico revealed two more names from the Harris group: Colombian billionaire Alejandro Santo Domingo and Morgan Properties CEO Mitchell Morgan.

On Friday, Giles Turner and Heather Perlberg of Bloomberg revealed that former Google CEO Eric Schmidt is also a part of Harris’ bid to buy the Commanders. Schmidt’s net worth is $21.7 billion, according to Forbes, making him the wealthiest known member of the Harris group. Santo Domingo’s net worth is over $12 billion, while Harris is worth $7.7 billion and Mitchell Rales‘ net worth is $6.7 billion.

Schmidt was Google’s CEO from 2001-11, and he stepped down in 2011 but remains as one of the company’s largest individual stakeholders.

In another development from Thursday, the Commanders are reportedly lobbying the federal government to give control of the federal-owned RFK Stadium site to the D.C. government, clearing a path for the Commanders to build a new stadium in the District.

Interestingly enough, Schmidt has worked in an advisory role for the Defense Department.

Forbes initially reported last month that Harris had 17 minority investors. Thus far, Rales, Earvin “Magic” Johnson, Mark Ein, Santo Domingo, Morgan and Schmidt have been revealed as minority partners.

We’ll continue to follow this story.

 

Report: Colombian billionaire Alejandro Santo Domingo joins Josh Harris’ bid to buy Commanders

Two more names are a part of Josh Harris’ group to buy the Commanders.

Two more names have emerged as minority partners for Josh Harris in his bid to buy the Washington Commanders. According to Sportico’s Scott Soshnick and Eben Novy-Williams, Colombian billionaire Alejandro Santo Domingo and his family, investors from Colombia, are part of Harris’ $6.05 billion bid to buy the franchise.

Santo Domingo and his family are among the wealthiest people in South America. According to Bloomberg, the Santo Domingo family has a net worth of $12.1 billion.

Sportico notes that Santo Domingo’s portfolio includes stakes in beer maker Anheuser-Busch InBev, Chilean bank Corpbanca and Spanish bank Inmobiliaria Colonial, among other ventures. Santo Domingo is also the managing director of Quadrant Capital Advisors.

In addition to Santo Domingo, Sportico also learned that Mitchell Morgan, CEO of Morgan Properties, is also a part of the Harris bid. Morgan founded Morgan Properties in 1985, the third largest multifamily housing owner in the country and owning over $16 billion in assets.

How much Santo Domingo and Morgan have contributed to Harris’ bid is unclear. In a Forbes report from last month, Mike Ozanian stated that Harris would own 30% of the Commanders, Mitchell Rales 12% and Earvin “Magic” Johnson 4%, and, in total, there would be 17 limited partners.

Harris and Washington owner Daniel Snyder reached a nonexclusive agreement in principle for the Commanders and the deal is pending approval from the NFL. A vote could take place later this month at the NFL owners meetings.