Apollo to close acquisition of Atletico Madrid stake this week, says Expansion

U.S. fund Apollo's sports investment arm Apollo Sports Capital will complete the ​acquisition of 55% ​of Spanish football club Atletico ⁠Madrid on March ​12, Spanish newspaper Expansion ​said on Monday, citing sources.

Apollo declined to comment when contacted ​by Reuters, while ​Atletico Madrid did not immediately respond ‌to ⁠a request for comment.

Apollo Sports Capital agreed in November to become the ​majority shareholder ​in ⁠the top-tier club. A source told ​Reuters the deal ​would ⁠value the club at approximately 2.5 billion euros ($2.88 ⁠billion).