ASC to acquire a 55% stake in Atlético Madrid at a $2.5bn valuation.

ASC, a newly launched investment platform by Apollo, focusing on providing capital solutions across the global sports and live events ecosystem, agreed to acquire a 55% stake in Atlético Madrid, a professional football club, at a $2.5bn valuation. "We are very proud to welcome a new partner committed to the club. Apollo Sports Capital is a great ally who respects the history, traditions and identity of Atletico de Madrid and its fans, while bringing additional resources and enthusiasm to help sustain our growth and competitiveness," Miguel Angel Gil, Atlético Madrid CEO.