The agreement, first announced in November, positions Apollo Sports Capital as the majority shareholder of one of Spain’s top-tier football clubs. The transaction is reported to value Atletico Madrid at around 2.5 billion euros ($2.88 billion).
Apollo declined to comment on the matter when approached by Reuters, and Atletico Madrid did not immediately respond to a request for comment.
The deal underscores the growing interest of global investment funds in European football, where clubs are increasingly seen as long-term revenue-generating assets through broadcasting rights, sponsorships, and commercial expansion.