MADRID: US 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 Expansion said on Monday citing sources.
Neither Apollo nor Atletico Madrid immediately responded to a Reuters request for comment.
Apollo Sports Capital agreed in November to become the majority shareholder in the top-tier club. A source said the deal would value the whole of the club at approximately 2.5 billion euros (US$2.88 billion).