Source:REUTERS/Ana Beltran
[Saba Sports News] According to Spanish media reports, Apollo Sports Capital is set to become the major shareholder of Atlético Madrid. It is reported that the US fund Apollo Sports Capital will officially become the main shareholder of Atlético Madrid within three days. The acquisition of a 55% stake in the club is expected to be completed by Apollo Sports Capital on March 12, making it the largest shareholder. The deal has received all necessary regulatory approvals and values Atlético Madrid at €2.5 billion, including debt. Apollo Sports Capital completed the acquisition through its subsidiary, Apollo Sports Fund. Nevertheless, Miguel Ángel Gil Marín and Enrique Cerezo will continue to manage the club.
The editor believes that the arrival of Apollo Sports Capital will provide the club with strong financial backing, and the summer transfer window will be their first major opportunity to make an impact following the change of control. Although the acquisition has been confirmed, the US investors had not yet taken actual control as of January this year.