Santos Futebol Clube: Colombian Billionaire Denies Interest in Purchase

Colombian billionaire Alejandro Santo Domingo denied any interest in purchasing Santos Futebol Clube. In an exclusive interview with VEJA, Santo Domingo explained that the risk of relegation deters investments in football clubs.

Who is Alejandro Santo Domingo?

Alejandro Santo Domingo is the heir to the business empire of Colombia's richest family and owner of an estimated fortune of around $3.3 billion.

Why is the investor not interested in Santos?

Santo Domingo highlighted that the group only acts through its official funds and explained that it avoids investing in football clubs due to the risk of relegation in championships.

What does the investor look for in an investment?

Santo Domingo prefers to invest in leagues like the National Football League (NFL) and the National Basketball Association (NBA), where there is no relegation.

What's next for Santos Futebol Clube?

The Brazilian club continues to seek investors to secure its financial future.