Apollo in exclusive talks to buy majority stake in Atletico Madrid

[lingriiddd]

Apollo is in exclusive negotiations to acquire a majority stake in Spanish football club Atletico de Madrid, according to a report from Expansion.

The investment firm is looking to purchase shares from the club’s main shareholder, Atletico Holdco, which is currently owned by Miguel Ángel Gil Marín, Ares Management, Enrique Cerezo, and Quantum Pacific.

According to sources cited by Expansion, the current owners would remain as minority shareholders following the transaction.

As part of the deal, Apollo would also conduct a capital increase specifically aimed at developing the Ciudad del Deporte del Atlético de Madrid, the club’s sports complex.

[Rimon Khan]

Big move Apollo taking majority control of Atletico could reshape the club’s financial future

[Nahid Hossen]

Interesting that current owners will stay on as minority shareholders Smooth transition ahead?