MADRID, March 9 (Reuters) - U.S. fund Apollo's sports investment arm Apollo Sports Capital will close the acquisition of 55% of Spanish football club Atletico Madrid on March 12, Spanish newspaper
Apollo to close acquisition of Atletico Madrid stake this week, says Expansion
Apollo Sports Capital's Majority Stake in Atletico Madrid
Deal Completion Timeline
MADRID, March 9 (Reuters) - U.S. fund Apollo's sports investment arm Apollo Sports Capital will complete the acquisition of 55% of Spanish football club Atletico Madrid on March 12, Spanish newspaper Expansion said on Monday, citing sources.
Comments from Apollo and Atletico Madrid
Apollo declined to comment when contacted by Reuters, while Atletico Madrid did not immediately respond to a request for comment.
Background and Valuation
Majority Shareholder Agreement
Apollo Sports Capital agreed in November to become the majority shareholder in the top-tier club. A source told Reuters the deal would value the club at approximately 2.5 billion euros ($2.88 billion).
Exchange Rate Information
($1 = 0.8667 euros)
Reporting Credits
(Reporting by Paolo Laudani; Editing by Jan Harvey and Charlie Devereux)
