Saudi Arabia is studying the acquisition of Atlético de Madrid. The interest arose after the Saudis approached manager Miguel Ángel Marín, the current owner of the Spanish club.
According to The Independent, A representative from the Saudi company contacted the executive and asked what price Miguel would be willing to sell his shares.
According to the agency, interested parties will take advantage of the meeting on the matter. naming rights from Atlético de Madrid’s stadium to investigate the possibility of acquiring the club.
Negotiations between the parties began before June and one of the favourites to name Atleti’s home and replace Civitas was Riyadh Airlines, an airline that already has its brand on the team’s kit.
Marín’s chances of selling his stake in Atlético de Madrid are high, as the director has admitted he has no intention of staying at the club. However, the businessman admitted that the proposal has not been formalized.
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