Apollo Global Eyes Atletico Madrid: A $2.5 Billion Deal
Apollo Global Management is negotiating to acquire a significant stake in Atletico Madrid, valuing the club at around 2.5 billion euros. The U.S. buyout firm aims to acquire its stake through a capital increase in Atletico Holdco. Neither party has commented on the potential deal.
- Country:
- Spain
U.S.-based buyout firm Apollo Global Management is eyeing a substantial stake in Atletico Madrid, a Spanish top-flight football club. According to Expansion newspaper, discussions are underway to value the team at approximately 2.5 billion euros, inclusive of debt.
Apollo's intended investment would occur through a capital increase in Atletico Holdco, which holds the majority of the club's shares. This strategic move could significantly enhance Apollo's presence in the sports sector.
Atletico Madrid and Apollo Global Management have yet to issue official statements regarding the potential transaction, according to reports.
(With inputs from agencies.)
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