América de México sell 49% stake to US investment fund | OneFootball

The American investment firm General Atlantic has acquired a 49% stake in América do México and the Banorte Stadium (formerly Azteca Stadium), announced Grupo Ollamani, the majority shareholder in the partnership that will also include the owner of an NFL team.

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Ollamani announced on Tuesday, in a statement, “the formation of a strategic alliance with General Atlantic (named “Grupo Águilas”), which will own Club América, Banorte Stadium, and the lands adjacent to the stadium.”

“Ollamani will maintain a majority stake of 51% and will continue to oversee the management and long-term strategic vision of the group, while General Atlantic will hold a 49% stake in Grupo Águilas,” the statement specifies.

Since opening its office in Mexico City in 2015, General Atlantic has invested approximately $3 billion (about R$ 16.5 billion) in 14 Mexican companies.

To strengthen this alliance, General Atlantic and Ollamani have also partnered with Kraft Analytics Group (KAGR), an American company specialized in data analytics services and consulting for the sports and entertainment sectors.

Based in Foxborough, Massachusetts, KAGR is a subsidiary of the Kraft Group, which owns two New England sports teams: the New England Patriots (NFL) and the New England Revolution (MLS), as well as the Gillette Stadium.

Founded on October 12, 1916, by a group of young students, Club América was acquired in 1959 by businessman Emilio Azcárraga Milmo, owner of Telesistema Mexicano, the predecessor company of Televisa.

Emilio Azcárraga Jean, current president of Grupo Ollamani (a subsidiary of Televisa), will take on the role of executive president of Grupo Águilas.

“This new strategic alliance positions us for the next phase of growth, as we expand our reach and provide even more unforgettable experiences for fans in Mexico and abroad,” stated Azcárraga Jean.

Club América is the most successful team in the Mexican Championship, with 20 titles (16 in the professional era). It has over 30 million fans in Mexico and more than 15 million followers in the United States.

*With content from AFP

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.