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 Saville 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.

Related Research Articles

<span class="mw-page-title-main">Liverpool F.C.</span> Association football club in Liverpool, England

Liverpool Football Club is a professional football club based in Liverpool, England. The club competes in the Premier League, the top tier of English football. Founded in 1892, the club joined the Football League the following year and has played its home games at Anfield since its formation.

<span class="mw-page-title-main">Tom Hicks</span> American private equity investor (born 1946)

Thomas Ollis Hicks Sr., is an American private equity investor and sports team owner living in Dallas, Texas. Forbes magazine estimated Hicks' wealth at $1 billion in 2009, but it dropped to $700 million in 2010. Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst, previously owned 50% of the English football club Liverpool F.C., and is chairman of Hicks Holdings LLC, which owns and operates Hicks Sports Group, the company that formerly owned the Texas Rangers, the Dallas Stars, and the Mesquite Championship Rodeo. In 2010, Hicks was forced to sell the Rangers and Liverpool to satisfy his creditors, and the Stars went into bankruptcy the following year.

William Kenwright, CBE is an English West End theatre producer and film producer. He has also been the chairman of Everton Football Club since 2004.

David Richard Moores was a British football executive, chairman of Liverpool F.C. from 1991 to 2007 and later the club's honorary life president.

<span class="mw-page-title-main">Stanley Park Stadium</span> Proposed home football stadium for Liverpool FC

Stanley Park was a proposed football stadium in Stanley Park, Liverpool. If built, it would have become home to the Liverpool Football Club. It would have replaced their current stadium at Anfield. The stadium had a planned capacity of 60,000 all-seated. It was also potentially expandable to 73,000 or more.

<span class="mw-page-title-main">John W. Henry</span> American businessman

John William Henry II is an American businessman and the founder of John W. Henry & Company, an investment management firm. He is the principal owner of Liverpool Football Club, the Boston Red Sox, The Boston Globe, and co-owner of RFK Racing. As of August 2023, Forbes estimated his net worth to be US$4 billion

George Nield Gillett Jr. is an American businessman. Originally from Wisconsin, he lives in Vail, Colorado.

<span class="mw-page-title-main">Dubai International Capital</span> International investment arm of Dubai Holding

Dubai International Capital (DIC) is the international investment arm of Dubai Holding, a global conglomerate and sovereign wealth fund of the government of Dubai and its ruling family. DIC invests private funds on behalf of Dubai Holding and several large third-party investors around the world with a mandate to build a portfolio of internationally diversified assets.

<span class="mw-page-title-main">The Tote</span> Betting organization

The Tote is a British gambling company founded in 1928. It is the world’s largest pool betting operator. Its product offering also includes sports betting and online casino. It is headquartered in Wigan.

Sir David Gerald Richards was the chairman of the FA Premier League, member of the Football Association's (FA) Board, chairman of the FA's international committee, president of the European Professional Football Leagues organisation, chairman of UEFA's Professional Football Committee, and former chairman of Sheffield Wednesday F.C.

Rick Parry is the current chairman of the English Football League (EFL), the former chief executive of Liverpool, the original CEO of the Premier League and a board member at New York Cosmos.

<span class="mw-page-title-main">Andrew Cahn</span>

Sir Andrew Thomas Cahn, KCMG is a non-executive director of Nomura, chair of the board of governors of Birkbeck, University of London, and a former senior civil servant.

Fenway Sports Group Holdings, LLC (FSG), is an American multinational sports holding conglomerate who own NASCAR's RFK Racing, Major League Baseball's Boston Red Sox, the Premier League’s Liverpool F.C., the National Hockey League's Pittsburgh Penguins and a yet-to-be-named Boston team in the TMRW Golf League.

<span class="mw-page-title-main">England 2018 FIFA World Cup bid</span> The Football Associations unsuccessful bid to host the 2018 and 2022 FIFA World Cup

England 2018 was the Football Association's unsuccessful bid for the right to host the 2018 FIFA World Cup. FIFA invited bidding countries to bid for either the 2018 or the 2022 finals, or both. The FA initially decided to bid for both, but with the withdrawal of all non-European bids for the 2018 event, this bid, and that of all other European bidding nations, were effectively disqualified from eligibility for the 2022 edition.

Christian Purslow is a British businessman who was most recently the chief executive officer of the Premier League club Aston Villa Football Club. He was the co-founder of private equity firm MidOcean Partners and was the former managing director of Liverpool Football Club and the former managing director and head of global commercial activities at Chelsea Football Club.

Marc Bolland is a Dutch businessman, who was the CEO of Marks & Spencer, after having been CEO of UK supermarket company Morrisons.

International Consolidated Airlines Group S.A., trading as International Airlines Group and usually shortened to IAG, is an Anglo-Spanish multinational airline holding company with its registered office in Madrid, Spain, and its corporate headquarters in London, England. It was formed in January 2011 after a merger agreement between British Airways and Iberia, the flag carriers of the United Kingdom and Spain respectively, when British Airways and Iberia became wholly owned subsidiaries of IAG. British Airways shareholders were given 55% of the shares in the new company.

<span class="mw-page-title-main">Spirit of Shankly</span> Liverpool F.C. supporters union

Spirit Of Shankly (SOS) is the official supporters' union and leader of the supporters board for fans of Liverpool F.C. Named after former Liverpool manager Bill Shankly, the union was formed in early 2008 by disgruntled fans opposed to the former Liverpool F.C. ownership of Tom Hicks and George N. Gillett, Jr., quickly developing into a cooperative representing its members (and by implication other Liverpool F.C. supporters) on a whole range of issues such as ticketing, travel and community and regeneration issues. Its ultimate aim is to seek fan ownership of the club in the long term.

Keith Reginald Harris is a London-based investment banker and financier with a 30-year career as a senior corporate finance and takeover advisor, having held senior executive positions at leading institutions Morgan Grenfell, Drexel Burnham Lambert, Apax Partners, and HSBC Investment Bank. He is a private equity investor with interests in varied private equity holdings in financials, media, and sport.

Sir Joseph Anthony Dwyer was a British civil engineer and businessman. He joined Wimpey in 1955 and spent 44 years with the firm, becoming chief executive officer and chairman.

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.
  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
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.