MADRID (SPAIN) (ITALPRESS) – Atlético Madrid is becoming a star-spangled club. The club announced they have reached an agreement with the American investment fund Apollo, through Apollo Sports Capital (ASC), to become the club’s majority shareholder in the coming months. The transaction figures were not disclosed, but, according to “El Pais,” ASC will acquire a 57% stake in the club, valuing the entire capital at around €2.5 billion.
The three main shareholders, who together held 70% of the club in Atlético HoldCO, will each sell a portion of their stake while remaining owners. These are Miguel Angel Gil (who owned 50.8% of Atlético HoldCo), Ares (34%), and Cerezo (15.2%). Quantum Pacific (a 27.8% shareholder) will also sell a portion of its stake to ASC. The Apollo Group will provide “new capital to support the club’s long-term plans, including additional investments in Atlético Madrid’s teams and major infrastructure projects.”
“Apollo Sports Capital is a great ally that respects the history, traditions, and identity of Atlético and its fans, while also providing resources and renewed enthusiasm to help us maintain our growth and competitiveness,” Gil said.
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