Market Chatter: Apollo Sports Capital to Complete 55% Atletico Madrid Stake Purchase by March 12

MT Newswires Live

Mar 09

Apollo Global Management's (APO) sports investment arm, Apollo Sports Capital, will complete the acquisition of a 55% stake in Spanish football club Atletico Madrid on March 12, Spanish newspaper Expansion reported on Monday, citing unnamed sources.

Apollo Sports Capital agreed in November to become the majority shareholder in the La Liga club, the report said.

According to Reuters' source, the deal values Atletico Madrid at about 2.5 billion euros ($2.88 billion).

Apollo and Atletico Madrid did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1791807156.HKD","symbol_name":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2618449946","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618449946","pubTimestamp":1773049253,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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