Atletico de Madrid owners near €2.5bn sale of majority stake to Apollo
Apollo Global Management is in advanced discussions to purchase a majority stake in Atletico de Madrid, in a deal that could value the Spanish football club at €2.5bn ($2.9bn), according to Reuters.
The US investment firm is negotiating to acquire part of the holdings of chief executive Miguel Angel Gil Marin and chairman Enrique Cerezo, with additional shares potentially coming from Ares Management.
Sources noted Apollo might not obtain majority control immediately but is expected to secure it in a later stage of the transaction.
The club’s majorit…
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