Mexico tycoons widen U.S. sports reach with Padres, Chivas USA deals

Los Angeles Times, 8/30/2012

A cousin of the world’s richest man, Carlos Slim, has become a part owner of the San Diego Padres, and a married couple who are Mexican millionaires have taken control of Chivas USA, a Major League Soccer team.

The deals, announced in separate reports Wednesday, widen the reach of Mexico’s hyper-wealthy in the high-stakes world of professional sports in Southern California.

Alfredo Harp Helu, a billionaire banker and Slim’s cousin, appeared Wednesday on a list of eight new part-owners of slightly less than half of San Diego’s Major League Baseball team.

Read more…


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