Wednesday, November 15, 2017

An Israeli buys between 10% and 15% of Atletico`s shares

Israeli businessman Idan Ofer will acquire between 10 and 15% of Atletico Madrid. The transaction is expected to be finalized within 48 hours, Mark says. The offer`s status is valued at $ 3 billion. He will be a minority shareholder in the Madrid Grand Prix and will have no say in making decisions about sports strategy.




Entry into the Club of Operation is linked to the increase in Atletico`s capital. It was approved at a meeting of the Board of Directors yesterday. On this occasion, President Enrique Serreso and General Director Miguel Angel Hill traveled to China to inform the management of the Chinese consortium, Wanda Group, the 20 per cent stakeholder of Atletico, for the upcoming changes. Around Christmas, another important mosquito-bargain deal - the sale of the land on which the legendary Vicente Calderon stadium is built. It has to bring in the club`s cash between 150 and 200 million euros.

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