Mexico's Ollamani, US firm General Atlantic form $490 million alliance for Club América soccer team

MEXICO CITY, Dec 23 - Mexican entertainment company Ollamani and the U.S. private equity firm General Atlantic have formed a strategic alliance to jointly own Club America, one of the largest soccer teams in Mexico, in a deal that values the combined assets at $490 million.

DEAL DETAILS

• Ollamani will retain a controlling 51% stake while General Atlantic takes 49% in a new entity called Grupo Águilas.

• Grupo Águilas will also own Club América's home ground, the Azteca Stadium, and its adjacent land.

• The enterprise value is subject to customary closing adjustments including net debt.

• Emilio Azcárraga Jean, Ollamani's controlling shareholder, will serve as executive chairman of the newly formed Grupo Águilas.

• The Azteca Stadium is scheduled to host the opening match of the 2026 FIFA World Cup.

• General Atlantic has invested nearly $3 billion in 14 Mexican companies since opening its Mexico City office in 2015.

• The transaction requires approval from Ollamani shareholder as well as Mexico's antitrust body.