Todd Boehly assembles US-backed consortium to bid for Lukoil's $20B foreign assets
The billionaire financier, backed by the US government and Gulf power brokers, seeks to outbid Carlyle's pending deal for the sanctioned Russian oil company's international business.
What to know
- Boehly's US-backed consortium—including the DFC and Gulf power brokers with Trump ties—is competing to buy Lukoil's $20 billion foreign assets against Carlyle's existing January deal.
- The deal is at an advanced stage and represents a shift in US strategy, using control of sanctioned Lukoil assets as leverage in Ukraine war negotiations.
- Lukoil was sanctioned in fall 2025 and has been seeking a buyer; US approval controls which consortium ultimately acquires the assets.
“In February, sources who spoke to Reuters reported that U.S. authorities had slowed the sale of Lukoil's assets to use them as leverage against Russia in negotiations to end the war in Ukraine.”
Meduza · Meduza EN ↗
Todd Boehly Billionaire financier and consortium leaderCarlyle Competing bidderUS government (DFC) Consortium member and regulatorLukoil Sanctioned Russian oil companySheikh Tahnoon bin Zayed al-Nahyan UAE leader's brother, consortium member
How it unfolded 2 developments, newest first · click a bar or a number to jump articlesposts
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Boehly's consortium details emerge: DFC, UAE leader, and Qatari family
Meduza reports Boehly's consortium composition, including US state corporation DFC, Sheikh Tahnoon bin Zayed al-Nahyan (brother of UAE president), and the Qatari Al-Khayyat family, all with ties to Trump family projects. Financial Times sources indicate the deal is at an advanced stage.
“American billionaire and financier Todd Boehly has assembled a consortium to buy the foreign assets of Lukoil, a Russian oil company that has come under U.S. sanctions…”
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US govt and Gulf billionaires back Todd Boehly bid for Lukoil assets Boehly's consortium includes US International Development Finance Corp, UAE's Sheikh Tahnoon bin Zayed al-Nahyan and billionaire Syrian-Qatari Al-Khayyat family - bidding against Carlyle https://www. ft.com/content/152aa77b-977f-4…
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American billionaire and financier Todd Boehly has assembled a consortium to buy the foreign assets of Lukoil, a Russian oil company that has come under U.S. sanctions, the Financial Times reported. https:// meduza.io/en/news/2026/09/23/f ormer-chelsea-co-owner-todd-boehly-seeks-to-buy-lukoil-s-foreign-assets
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Todd Boehly assembles rival consortium backed by US government and Gulf billionaires
Financial Times reports that Boehly has secured backing from the US government and influential Persian Gulf figures to form a competing bid for Lukoil's international assets, challenging Carlyle's deal.
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2 outlets first by Financial Times, 1d ago · also FT · read ↗
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first by FT, 1d ago
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background
US authorities slow Lukoil asset sale to use as leverage in Ukraine negotiations — Reuters reports that US authorities have deliberately slowed approval of the Lukoil asset sale as part of leverage in negotiations to end the war in Ukraine.
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background
Carlyle strikes deal to acquire Lukoil's international business — Carlyle agrees to buy Lukoil's international assets, though the agreement remains awaiting US government approval.
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background
Lukoil comes under US sanctions — Russian oil company Lukoil is sanctioned by the US government, prompting the company to begin searching for a buyer for its foreign assets.