Apollo Sports Capital Takes Big Step into European Football

Apollo Sports Capital, the sports investment division of U.S. fund Apollo, is poised to finalize its acquisition of a substantial 55% stake in the renowned Spanish football club, Atletico Madrid. This transaction is expected to close on March 12, according to information obtained by Spanish newspaper Expansion on Monday.

The agreement, initially made in November, positions Apollo as the majority shareholder in the top-tier club. A source associated with the deal has valued Atletico Madrid at around 2.5 billion euros, equivalent to approximately $2.88 billion.

Despite multiple inquiries, neither Apollo nor Atletico Madrid have provided any comments to Reuters regarding this significant development in European sports investments.