NEWS
Wednesday April 24 2013
Atleti to attract investment?

Atletico Madrid are reportedly on the verge of adding Singapore billionaire Peter Lim to their list of shareholders.

Lim, who has once before been heavily linked with investing in Atleti, has been reported this week by El Confidencial as in talks with the club’s CEO and majority shareholder Miguel Angel Gil Mari, with Jorge Mendes acting as intermediary.

It is believed that Lim, who has an estimated fortune of €1.6bn which includes a five per cent share in Wilmar oil company, stock investments and clothing brands, is in preliminary agreement to purchase an unspecified share at the club.

Lim’s involvement is seen as part of a restructuring at the club that could see former Manchester United and Chelsea director Peter Kenyon take up an economic advisor role at the club and former Parma technical director Andrea Berta come in at a sporting advisor capacity.

Kenyon is already known to Atletico through third-party ownership funds he runs in the game with Mendes, which helped the capital side to fund their 2011 purchase of Radamel Falcao. 

Gil Marin, however, is understood to be pushing that any agreement and restructuring would still leave him in control of management at the club.

Atleti are taking part in the Peter Lim Challenge Cup at the end of May - a friendly organised in Singapore to help generate interest in football in the country.

Think you know your Spanish football? Share your knowledge, tips and comments to win cash prizes in OLBG's tipster competition - £11,000 to be won monthly!

FOOTBALL ESPANA RELATED NEWS

TODAY'S FRONT PAGES

Football Italia website