Discussion ongoing about an American financial entity potentially assuming the leading stake in Atletico Madrid football club
Atletico Madrid, one of Spain's most successful football clubs, is currently in exclusive talks with American investment fund Apollo Global Management for potential new majority ownership.
According to reports, Apollo Global Management is in negotiations to buy shares from all current Atletico Madrid shareholders, which could potentially give them at least 50% control of the club. If the deal goes through, Apollo Global Management would join Atletico Holdco, Miguel Angel Gil, Ares Management, Enrique Cerezo, and Quantum Pacific as shareholders of Atletico Madrid.
Atletico Holdco, a company owning over 70% of the shares, is currently the majority shareholder of the club. Miguel Angel Gil has significant control over Atletico Holdco, while Enrique Cerezo, another shareholder of Atletico Madrid, also serves as its president. American private investment firm Ares Management is also among the current shareholders of the club.
Idan Ofer, founder of Quantum Pacific, remains a shareholder of Atletico Madrid. Quantum Pacific, a British company, owns the remaining shares of the club.
It is important to note that Apollo Global Management has not yet finalized the deal to buy Atletico Madrid, and the name of the new potential majority owner is not yet known. The negotiations are ongoing, and the deal is being closely watched by other Spanish football clubs and investors.
The valuation of Atletico Madrid is currently 2.5 billion euros, according to Spanish economic news outlet Expansion. Apollo Global Management has not disclosed its plans for Atletico Madrid if it becomes the majority owner.
The potential change in ownership of Atletico Madrid is a significant development in Spanish football, and it will be interesting to see how the negotiations unfold in the coming days and weeks. Stay tuned for more updates on this developing story.
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