Apollo Global Management (NYSE:APO) shares increased 2.3% after reports emerged that the private equity giant is negotiating to acquire a substantial stake in the Spanish football club Atletico Madrid.
According to sources cited by Expansion, Apollo is in discussions with Miguel Ángel Gil Marín regarding a multimillion-dollar investment in the club, which is currently valued around €2.5 billion ($2.7 billion) as part of the deal.
Originally, the talks focused on financing Atletico Madrid’s stadium construction project, but they have since progressed into negotiations for Apollo to acquire a stake in Atletico Holdco, the company controlling the majority ownership of the club.
This move would mark another expansion of Apollo’s involvement in European football, reflecting private equity’s growing interest in sports assets. The talks remain ongoing with no definitive agreement finalized.
With over $600 billion in assets under management, Apollo Global Management has been actively diversifying its portfolio, increasingly targeting sports-related investments as institutional investors seek new growth avenues.
Apollo Global Management stock price
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