Atlético Madrid has secured Julián Álvarez through June 2030 with a release clause set at €500 million. Manchester City monitored their former player’s situation during the summer of 2026 without making a formal approach. Barcelona reportedly prepared offers around €100 million, roughly €400 million short of the release clause, and tensions arose between the clubs over what Atlético considered improper contact. Apollo Sports Capital’s 55% stake acquisition in Atlético Madrid in March 2026 enabled the club to pursue a strategy of locking down young, high-value players under lengthy contracts. This combination places Atlético in an unusually strong negotiating position.
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