Club America will become the first soccer team from Mexico to list on a stock exchange on Tuesday. Some of the proceeds will be used to renovate the famed Azteca Stadium in time for the 2026 World Cup.
The team based in Mexico City will be listed on the Mexican Stock Exchange (BMV) under the Ollamani company, which oversees the stadium, the club, and other businesses owned by Grupo Televisa, the media company.
Grupo Televisa intends to use the $150–160 million renovation of the Azteca Stadium as collateral for its shares, which will go on sale for 2.59 Mexican pesos ($0.15), one of the lowest initial prices in the stock market, according to the BMV strategy.
According to the Forbes list from the previous year, America, the most successful club in Mexico and the current champions, are worth $256.1 million, including the stadium, making them the 10th most valuable soccer team in Latin America.
With Pele’s Brazil winning the first World Cup final in 1970 and Diego Maradona’s Argentina winning the second in 1986, the 83,264-seat stadium was the first to host two World Cup finals.
The United States, Canada, and Mexico will co-host the 2026 World Cup, with East Rutherford, New Jersey serving as the host city.
The tournament’s opening game, two more group stage games, one in the first knockout round, and one in the round of 16 will all take place at Azteca Stadium. ($1 = 17.0409 Mexican pesos)
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