Latest news with #AtleticoHoldco
Straits Times
5 days ago
- Business
- Straits Times
US fund Apollo in talks to invest in Atletico Madrid, sources say
MADRID - U.S.-based buyout fund Apollo Global Management is in talks with the lead shareholder of Atletico Madrid about a possible deal to invest in the Spanish top-flight side, two people familiar with the matter told Reuters. Spanish newspaper Expansion first reported the news on Wednesday. The club has embarked on an 800 million euro ($929 million) sport and leisure project around its Metropolitano Stadium in Madrid. Some 200 million euros for the project will come from the club, the rest is expected to come from private investors, according to Expansion. While talks between the club and Apollo started off focusing on financing for Atletico Madrid's building project, the U.S. fund is now interested in a stake in Atletico Holdco, which owns the majority of the club, one of the sources said, speaking on condition of anonymity because the talks are private. There is no concrete offer on the table and other funds are interested in a stake in Atletico Holdco, this person said, adding that a deal could value the club at up to 3 billion euros. Apollo would get its stake via a capital increase of Atletico Holdco, according to Expansion. Apollo declined to comment on the report. Top stories Swipe. Select. Stay informed. Singapore Over 600 Telegram groups in Singapore selling, advertising vapes removed by HSA Singapore 2 weeks' jail for man caught smuggling over 1,800 vapes and pods into Singapore Singapore Jail for man who fatally hit his own daughter, 2, while driving van without licence Singapore ComfortDelGro to introduce new taxi cancellation, waiting fee policy Singapore Here comes the sun: Less rain, more warm days in second half of July Singapore Strong argument for cockpit video recording, says Iata chief in wake of Air India crash report Singapore Baby died after mum took abortion pills and gave birth in toilet; coroner records an open verdict Business Tycoon Robert Kuok's daughter Kuok Hui Kwong appointed CEO of Shangri-La Asia Club CEO Miguel Ángel Gil Marin is the main shareholder in Atletico Holdco, with a stake of more than 50%. Investment fund Ares Management and Enrique Cerezo are also investors in the company that owns more than 70% of the club. ($1 = 0.8606 euros) REUTERS
CNA
5 days ago
- Business
- CNA
US fund Apollo in talks to invest in Atletico Madrid, sources say
MADRID :U.S.-based buyout fund Apollo Global Management is in talks with the lead shareholder of Atletico Madrid about a possible deal to invest in the Spanish top-flight side, two people familiar with the matter told Reuters. Spanish newspaper Expansion first reported the news on Wednesday. The club has embarked on an 800 million euro ($929 million) sport and leisure project around its Metropolitano Stadium in Madrid. Some 200 million euros for the project will come from the club, the rest is expected to come from private investors, according to Expansion. While talks between the club and Apollo started off focusing on financing for Atletico Madrid's building project, the U.S. fund is now interested in a stake in Atletico Holdco, which owns the majority of the club, one of the sources said, speaking on condition of anonymity because the talks are private. There is no concrete offer on the table and other funds are interested in a stake in Atletico Holdco, this person said, adding that a deal could value the club at up to 3 billion euros. Apollo would get its stake via a capital increase of Atletico Holdco, according to Expansion. Apollo declined to comment on the report. Club CEO Miguel Ángel Gil Marin is the main shareholder in Atletico Holdco, with a stake of more than 50 per cent. Investment fund Ares Management and Enrique Cerezo are also investors in the company that owns more than 70 per cent of the club. ($1 = 0.8606 euros)
Yahoo
5 days ago
- Business
- Yahoo
Soccer-Apollo in talks to take stake in Atletico Madrid, report says
MADRID (Reuters) -U.S.-based buyout fund Apollo Global Management is in talks with the owner of Atletico Madrid to take a significant stake in the Spanish top-flight side, Expansion newspaper reported on Wednesday. The deal would value the team at roughly 2.5 billion euros ($2.91 billion) including debt, the report said, citing unidentified sources. The U.S. firm would get its stake via a capital increase of Atletico Holdco, which owns the majority of the club, it added. Atletico and Apollo did not immediately reply to requests for comment. ($1 = 0.8606 euros) Sign in to access your portfolio
CNA
5 days ago
- Business
- CNA
Apollo in talks to take stake in Atletico Madrid, report says
MADRID :U.S.-based buyout fund Apollo Global Management is in talks with the owner of Atletico Madrid to take a significant stake in the Spanish top-flight side, Expansion newspaper reported on Wednesday. The deal would value the team at roughly 2.5 billion euros ($2.91 billion) including debt, the report said, citing unidentified sources. The U.S. firm would get its stake via a capital increase of Atletico Holdco, which owns the majority of the club, it added. Atletico and Apollo did not immediately reply to requests for comment. ($1 = 0.8606 euros)
