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  HOME | Mexico

Mexican Banker Jorge Lankenau Dies

MEXICO CITY – Jorge Lankenau Rocha, a former banker and soccer team owner, died at his residence in San Pedro Garza Garcia, a city in the northern Mexican state of Nuevo Leon, media reports said. He was 68.

Lankenau, who served as chairman of the defunct Abaco Grupo Financiero and Banca Confia, and owned Club de Futbol Monterrey, died Saturday morning from natural causes, media reports said, citing family members.

He also owned investment banking firm Rodman and Renshaw, which was based in Chicago, Illinois.

Lankenau bought Club de Futbol Monterrey in 1991 and revolutionized the marketing of soccer in Mexico, turning the team into the first to allow ads to appear on players’ jerseys.

Club de Futbol Monterrey also used intense advertising around the stadium to draw fans.

Lankenau was arrested in 1997 on fraud and tax evasion charges for shifting $179 million to the Cayman Islands and Paraguay. He served eight years in prison.

The banker left prison in 2005 on a bond of 53 million pesos ($3.8 million).

Lankenau had a variety of health problems, including a cerebral hemorrhage in September 2009.
 

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