Apollo Eyes Takeover Of Atlético De Madrid In €2.5bn Deal

American backstage equity patient Apollo Global Management is reportedly negotiating a multi-billion-euro finance successful Atlético de Madrid, marking its astir fierce push yet into Spanish sport.

According to Expansión, Apollo is successful talks to get a mostly liking successful Atlético Holdco – nan institution controlling 70.35 per cent of nan club’s shares – successful a woody valuing nan squad astatine €2.5 billion. The move would dilute nan powerfulness of existent stakeholders Miguel Ángel Gil Marín (50.82 per cent), Ares Management (33.96 per cent), and nine president Enrique Cerezo (15.22 per cent).

Apollo’s increasing Spanish presence

Apollo has already made headlines successful Spain this twelvemonth by teaming up pinch RedBird Capital, owners of AC Milan and Alpine F1, to acquisition a portfolio of tennis assets including nan Madrid Open and nan Miami Open. That woody is still pending closure.

While nan money has antecedently invested successful Spanish companies for illustration Primafrio and Tradeinn, this would beryllium its first awesome liking successful Spanish football. It had earlier grounded successful a 2022 bid to bargain 10 per cent of nan Mexican Liga MX’s world media authorities complete 50 years.

The finance would apt travel Apollo’s first engagement successful financing Atlético’s Ciudad del Deporte project. But pinch €785 cardinal successful world assets nether management, nan patient appears keen to return a firmer grip connected Spanish sport.

Could this people a caller era of overseas power successful LaLiga?

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