Martin Broughton

Last updated

Lady Jocelyn Broughton
​
​
(m. 1974)​
Sir
Martin Broughton
Chairman of British Airways
In office
July 2004 –December 2013
Children2
Education Westminster City School
ProfessionBusinessman

Sir Martin Faulkner Broughton (born 15 April 1947) [1] is a British businessman and deputy chairman of International Airlines Group. Formed in January 2011, IAG is the parent company of British Airways, Iberia and Vueling. It is a Spanish registered company with shares traded on the London Stock Exchange and Spanish Stock Exchanges. The corporate head office for IAG is in London, UK. He is also a Managing Partner at Sports Investment Partners and chairman of the sports virtual advertising company Supponor. He is a former chairman of Liverpool Football Club and also served as President of the Confederation of British Industry.

Contents

Former career

Broughton joined British American Tobacco in 1971, becoming finance director in 1988, group chief executive and deputy chairman in 1993 and, ultimately, chairman and chief executive in 1998. In 1999, he also became an independent director of the British Horseracing Board, eventually succeeding Peter Savill as chairman in July 2004, at which point he retired from his roles at BAT.

Other directorships which Broughton has held include Wiggins Teape Group 1989–90 (as chairman), Eagle Star 1992–93 (as chairman) and Whitbread 1993–2000 (as non-executive director). [2]

Broughton was knighted in the 2011 New Year Honours for services to business. [3] [4]

British Airways chairman

Sir Martin joined the British Airways board as a non-executive director in May 2000 became the deputy chairman in November 2003, [5] and became chairman in July 2004, serving until 2013.

Liverpool F.C. chairman

On 16 April 2010, Liverpool F.C. appointed Martin Broughton to be their new chairman, despite the fact that he is a lifelong Chelsea supporter. [6] [7] Broughton was tasked with expediting the sale of the club to new owners. [8]

On 6 October 2010, it was announced that Liverpool F.C. was to be sold to New England Sports Ventures (NESV) for the sum of £300m – significantly lower than the sums being requested by the club's existing owners, Tom Hicks and George Gillett. Broughton and the rest of the Liverpool F.C. board won the right to sell the club in a High Court case against Hicks and Gillett on 13 October 2010. [9] The ruling was described by the fans' group Kop Faithful as "It's like a huge cloud has been lifted off us.....Hicks and Gillett leave with no legacy, apart from one of chaos". Broughton was succeeded as Liverpool F.C. chairman by Tom Werner after the takeover was completed by NESV. [7]

Tote Bid

In 2009, he spearheaded a private equity bid to buy The Tote as part of the government's privatisation process. The bid was made through an investment vehicle called Sports Investment Partners, with which his son Michael is also involved. The bid was one of five that successfully passed the first round of the process in January 2011. [10]

Chelsea FC bid

In 2022, he, along with Lewis Hamilton and Serena Williams, was involved in a bid to purchase Chelsea F.C. with global investment firm Centricus.

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References

  1. ↑ "Birthday's today". The Daily Telegraph. London. 15 April 2011. Archived from the original on 16 April 2011. Retrieved 14 April 2014. Sir Martin Broughton, Chairman, British Airways, 64
  2. ↑ "Martin Broughton Elected as next Chairman of BHB". British Horseracing Board. 24 March 2004. Archived from the original on 25 December 2010. Retrieved 15 October 2010.
  3. ↑ "No. 59647". The London Gazette (Supplement). 31 December 2010. p. 1.
  4. ↑ New Year Honours: Broughton and Carr business knights, bbc.co.uk. Accessed 29 January 2023.
  5. ↑ Profile thefastertrack.ba.com. Accessed 29 January 2023.
  6. ↑ "Profile: Sir Martin Broughton". The Daily Telegraph. London. 31 December 2010. Retrieved 5 September 2013.
  7. 1 2 Pearce, James (22 November 2010). "Martin Broughton: Liverpool F.C. was "one of the most memorable experiences of my working life"". Liverpool Echo. Retrieved 5 September 2013.
  8. ↑ "Liverpool put up for sale by American owners". BBC Sport. 16 April 2010. Retrieved 5 September 2013.
  9. ↑ Prosser, David (16 October 2010). "Martin Broughton: Last-minute winner". The Independent. Retrieved 5 September 2013.
  10. ↑ Scutts, Andrew (2 February 2011). "Reuben brothers confirmed as still in running for Tote". Racing Post . London. p. 5.
Business positions
Preceded by
New company
 Deputy Chairman of IAG
2010–2016		Succeeded by
Preceded by Chairman of British Airways
2004–2013		Succeeded by
Preceded by
 Deputy Chairman of British Airways
2003–2004		Succeeded by
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