Club América to Go Public on the Mexican Stock Exchange
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Club América to Go Public on the Mexican Stock Exchange

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Antonio Gozain By Antonio Gozain | Senior Journalist and Industry Analyst - Mon, 02/20/2023 - 16:35

Club América, one of Mexico’s most popular soccer teams, seeks to be enlisted on the Mexican Stock Exchange (BMV), reported several sports media outlets. The move, which comes after Televisa announced in October 2022 it would separate its operations from the team, would make Club América the first Mexican soccer team to publicly trade in history.

Sources familiar with the matter revealed to Mediotiempo that Club América will enter BMV jointly with Estadio Azteca, as the Mexican soccer club aims to inject funds to the team and the stadium. The latter is expected to undergo major remodeling before the 2026 World Cup, which will take place in Mexico, Canada and the US.

Televisa plans to spin-off its “Other Businesses” division, which includes Club América, casinos, sweepstakes, film distribution and publishing to become more profitable and focus on its core business of TV, internet and content. Shares of Club América and Estadio Azteca will begin to trade independently from Televisa in about six months, according to GBM.

The split does not mean that Televisa will stop owning Club América but that the team will operate separately. This week, the media giant will present its financial report for the 4Q22, providing more details about the spin-off process of the soccer club.

Club América has been under the ownership of the Azcárraga family since Emilio Azcárraga Milmo acquired the team in 1959. To date, the team holds the record for the most league titles in the history of Mexican soccer, with a total of 13.

In the world of soccer, some of the biggest clubs are publicly traded on stock exchanges, including Manchester United, Juventus, AS Roma, Borussia Dortmund and Celtic. Fans and investors can buy shares in these businesses, giving them a stake in the team's ownership. Investing in soccer clubs is not without risks, according to SQAF. Like any other business, shares in soccer clubs are subject to fluctuation, depending on the value of the team.

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