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Apollo in Advanced Talks to Buy Majority Stake in Atlético Madrid at €2.5 Billion Valuation

The talks grant Apollo exclusivity through mid-October to pursue control alongside new funding for squad and stadium-area projects.

Overview

  • Reuters reports that owners are negotiating a majority sale to Apollo, with sources cautioning the deal is not guaranteed.
  • Apollo could gain control by buying shares from CEO Miguel Ángel Gil Marín and president Enrique Cerezo, and potentially from Ares Management.
  • Reporting from Expansión places a full-club valuation at about €2.5 billion, and all parties have declined public comment.
  • The club has said it needs at least €60 million in fresh equity to strengthen the squad and develop the leisure-sport complex around the Metropolitano.
  • Sources say current leadership is expected to remain if a transaction closes, and Apollo is raising a $5 billion sports investment vehicle to back deals of this type.