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