FC Atletico Madrid pitch. Credit score: Yuri Turkov, Shutterstock
American personal fairness agency Apollo International Administration is reportedly negotiating a multi-billion-euro funding in Atlético de Madrid, marking its most aggressive push but into Spanish sport.
Based on Expansión, Apollo is in talks to accumulate a majority stake in Atlético Holdco – the corporate controlling 70.35 per cent of the membership’s shares – in a deal valuing the staff at €2.5 billion. The transfer would dilute the ability of present stakeholders Miguel Ángel Gil Marín (50.82 per cent), Ares Administration (33.96 per cent), and membership president Enrique Cerezo (15.22 per cent).
Apollo’s rising Spanish presence
Apollo has already made headlines in Spain this 12 months by teaming up with RedBird Capital, house owners of AC Milan and Alpine F1, to buy a portfolio of tennis belongings together with the Madrid Open and the Miami Open. That deal remains to be pending closure.
Whereas the fund has beforehand invested in Spanish firms like Primafrio and Tradeinn, this may be its first main stake in Spanish soccer. It had earlier failed in a 2022 bid to purchase 10 per cent of the Mexican Liga MX’s worldwide media rights over 50 years.
The funding would possible observe Apollo’s preliminary involvement in financing Atlético’s Ciudad del Deporte mission. However with €785 billion in international belongings beneath administration, the agency seems eager to take a firmer grip on Spanish sport.
May this mark a brand new period of overseas dominance in LaLiga?
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