Atletico Madrid have confirmed they are in talks to buy shares in a Mexican club to expand their investments in ‘sister clubs’.
Los Rojiblancos have investments in Indian club Atletico de Kolkata and French outfit RC Lens, while AS report they now want to purchase 50% of Mexican side Atletico San Luis.
"The board approved the constitution of a sister company, 100 percent owned by the club, in which will be concentrated all the activities in foreign entities," read an official statement from Atleti after a board meeting.
"Currently the club is the title-owner in these participations in the Indian club Atletico de Kolkata and the French club RC Lens, and is currently involved in talks over taking a share in a Mexican club.
"All these activities, along with other foreign entities which the club might acquire, will be included in this new sister company, that way simplifying and unifying their management. In both cases the board voted with 3.555.237 in favour, which meant a backing of 99.77 percent of the votes cast."