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Israeli Billionaire Set to Purchase 20% Stake in Atletico Madrid as the Club Seeks Investment

Atletico Madrid have recently issued over €50m in new shares as they continue to expand the club, and as reported by Marca, Israeli billionaire Idan Ofer looks set to invest in Los Colchoneros.

This week, the club's board of directors held a meeting in which they gave approval to additional external investment ahead of a shareholders vote on the matter next month.

The offer from Ofer, who earned his wealth through a series of mining and drilling endeavours, is believed to be close to the €50m worth of new shares that were made available by the club.