The American giant Apollo Global Management is negotiating the purchase of a stake greater than 50% in Atlético de Madrid.
According to ‘Expansión’, this private equity fund values the red-and-white club at around 2.5 billion euros, the highest figure ever reached by a private sports entity in Spain.
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Apollo would carry out the operation through its 4.24 billion euro sports fund. However, there is still no finalized agreement between the parties.
Apollo’s Plan
The financial news site explains that Apollo’s plan is to acquire shares from the current partners (Miguel Ángel Gil, Ares Management, Enrique Cerezo, and Quantum Pacific, owned by Israeli magnate Idan Ofer) and strengthen its position with a capital increase.
This investment would be used to finance the Ciudad del Deporte, the ambitious leisure and sports complex next to the Metropolitano.
The American management company would carry out the operation through its new 5 billion dollar sports fund, and would keep both Gil Marín and Enrique Cerezo in charge of management.
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This article was translated into English by Artificial Intelligence. You can read the original version in 🇪🇸 here.
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