The consortium includes the US International Development Finance Corporation (DFC), which finances projects abroad, Sheikh Tahnoun bin Zayed Al Nahyan, the brother of the UAE president, and the Qatari Al-Hayyat family, according to the Financial Times, which cited sources. The Al-Hayyat family, the newspaper said, has worked closely with the White House and members of the Trump family on real estate and energy projects.
The group will be led by Sheikh Tahnoun's International Holding Company together with Emirati Allied Investment Partners, FT sources said. The Al-Hayyat family will receive a smaller stake, while Boehly and the DFC will control a majority of seats on the board of directors.
Boehly sold his stake in the Chelsea football club last week and stepped down as its chairman. He has spent several months working on a potential deal to buy Lukoil's assets.
Before that, the US private equity firm Carlyle was seen as the main contender for the company's international assets. Lukoil agreed to sell those assets to Carlyle in January, but the deal has yet to receive final approval from US authorities.
In February, Reuters sources said Washington had slowed the sale of Lukoil's assets in order to use them as leverage on Russia in talks to end the war with Ukraine. Lukoil's international business was valued at $20 billion in March.
The company was placed under US sanctions in the fall of 2025, after which it began looking for a buyer for its foreign assets.