Apollo Global Management Acquires Majority Stake in Atletico Madrid for €2B
Shares of Apollo Global Management (APO) dipped 1.6% despite the private equity giant's €2 billion acquisition of a majority stake in Spanish football club Atletico Madrid. The deal, facilitated through Apollo Sports Capital, values the club at €2.5 billion including debt. The investment aims to bolster Atletico's competitive standing and fund infrastructure projects like the Ciudad del Deporte development NEAR its Metropolitano stadium.
The transaction underscores Apollo's strategic push into global sports assets amid a challenging year for private equity, marked by interest rate volatility and tariff uncertainties. No financial terms were disclosed, but the MOVE signals confidence in football's long-term value proposition for institutional investors.