Apollo Global Management denies AD Alcorcón acquisition

A report from Spanish radio station Cadena SER claiming that Philadelphia 76ers and New Jersey Devils owner Josh Harris has purchased AD Alcorcón has been denied by a spokesperson for Harris’ Apollo Global Management.

Harris, a co-founder of Harris Blitzer Sports & Entertainment, which owns a 36-per-cent stake in Premier League side Crystal Palace FC as well as the 76ers and the Devils, was reported by Cadena SER yesterday to have become the maximum shareholder in the second-tier Spanish side, buying out the stake of the previous owner, Roland Duchâtelet.

However, speaking to Spanish sports daily AS, Apollo Global Management’s Alice McGillion claimed there was no truth to the reports and said that a deal had not been struck.

Earlier this year, rumours emerged that Harris and his HBSE partner Dave Blitzer were looking to sell their stake in Crystal Palace, just three years after initially investing in the side. Recent reports have suggested that former Manchester City owner Thaksin Shinawatra was in takeover talks with the club, adding fuel to the stories surrounding Harris’ future involvement and interest in Alcorcón.

SportBusiness has reached out to HBSE and Crystal Palace for comment.