RSS News Feed

Atletico Madrid in talks with personal fairness over €2.5b funding – SportsNews


Atletico Madrid have been run by the identical household for the previous 38 years, however their management over the membership is on the wane. There was discuss of a sale for some years, however now Los Colchoneros might sanction a second capital funding within the house of 4 years.

Miguel Angel Gil Marin, the present CEO, has been in cost since 2003, taking on from father Jesus Gil y Gil, however over latest years there was loads of discuss over a possible sale. In 2021, the membership issued shares to Ares Administration, who now personal 32% of the membership, whereas Gil Marin stays the bulk shareholder.

Negotiations with Apollo World Administration

The most recent from monetary information web site Enlargement, through Marca, is that Atletico are in talks with personal fairness agency Apollo World Administration over a possible €2.5b funding. The negotiations would see extra shares issued, and the stakes of Gil Marin, Ares Administration and President Enrique Cerezo diluted, though it’s not but clear to what diploma.

Photograph by GIORGIO VIERA / AFP

Parque Metropolitano venture

The first motivation for the talks is to do with the Parque Metropolitano venture. Los Colchoneros leased a major space of land across the Metropolitano, and are redeveloping it in collaboration with the Madrid Council. They intend to construct a live performance venue subsequent to the stadium for round 20,000 individuals, which has simply been given the inexperienced gentle.

That might be on prime of sports activities complicated, and a metropolis seaside with browsing amenities too. The venture will proceed with the event of Parque Metropolitano, which is the place Apollo think about. Atetico have secured €120m in funds from the CVC take care of La Liga, and can present one other €240m from the membership’s coffers. They’re nonetheless on the lookout for an extra €500m between Apollo and three different exterior buyers although, and the transfer may very well be a part of that effort.

Who’re Apollo World Administration?

One of many largest personal fairness corporations on this planet, Apollo have already invested in Liga MX in Mexico, the place they seemed to change the business rights course of on the membership. Chatting with a supply within the funding trade, it’s defined to Soccer España that Apollo might, in essence, be trying to purchase shares from Ares, by which case they might have much less management over technique and decision-making, albeit in collaboration with Los Rojiblancos.

If certainly considerably extra shares are issued, then extra money could be coming to Atletico’s accounts, and by the identical token, extra energy in decision-making could be handed to Apollo. Their normal technique of working tends to see funding in firms, adopted by optimising business observe, together with the reducing of prices, after which rising the revenue margins of the asset.





Source link