Tuesday briefing: US private equity firm Apollo acquires majority stake in Atletico Madrid

Apollo Sports Capital has acquired a majority stake in Atletico Madrid, the LaLiga club have confirmed.

Although further terms of the agreement were not disclosed, the US private equity firm will make up around 55 per cent of the club’s shareholding, valuing Atletico at €2.5 billion, according to Spanish publication 2Playbook.

As the Spanish club’s new majority owner, Apollo is set to provide additional funding to help finance Atletico’s ‘Ciudad del Deporte’ (Sports City) comple