In response to enlargementApollo is in discussions to amass a majority stake in Atletico Hallo, which controls 70.35% of the membership’s stake. The transfer dilutes the facility of present stakeholders Miguel Ancer Gilmarin (50.82%), Ares Administration (33.96%) and membership president Enrique Cerezo (15.22%).
Apollo’s rising Spanish presence
Apollo has already made headlines this 12 months in Spain by working with AC Milan and Alpine F1 proprietor Redbird Capital to purchase a portfolio of tennis property similar to Madrid Open and Miami Open. The transaction continues to be pending closing.
The fund beforehand invested in Spanish corporations similar to Primafrio and Tradeinn, which can turn out to be the primary main stake in Spanish soccer. It had beforehand failed in a 2022 bid to purchase 10% of Mexican La Liga MX worldwide media rights for 50 years.
Funding might observe Apollo’s preliminary involvement in Atletico’s fundraising Sports activities Metropolis mission. Nevertheless, with international property of 785 billion euros below administration, the corporate seems to wish to deliver Spanish sports activities to a stronger grip.