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

MADRID, March 9 : U.S. fund Apollo's sports investment arm Apollo Sports Capital will close the acquisition of 55 per cent of Spanish football club Atletico Madrid on March 12, Spanish newspaper Expansion said on Monday citing sources.

Neither Apollo nor Atletico Madrid immediately responded to a Reuters request for comment.

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

($1 = 0.8667 euros)