Atletico Madrid Acquired by American Investment Fund

Change is coming to Madrid! The American investment fund Apollo Sports Capital has become the main shareholder of Atlético de Madrid, as announced by the club in an official statement. “Atlético de Madrid and its major shareholders – Miguel Ángel Gil, Enrique Cerezo, Quantum Pacific Group, and funds managed by Ares Management – have reached an agreement for Apollo Sports Capital (‘ASC’), the global sports investment firm from Apollo (NYSE: APO), to become the majority shareholder of our club,” the statement reads.

“As part of the agreement, Miguel Ángel Gil and Enrique Cerezo will continue to lead Atlético de Madrid as CEO and president, respectively, and will remain shareholders, ensuring continuity and vision for the project and its leadership. […] ASC’s investment will strengthen our club’s position among football’s elite and support our ambition to achieve long-term success for our millions of fans around the world,” the statement adds. A new era is set to begin in Madrid, with ambitious plans such as the construction of a large sports complex that will host the club’s training center and various activities for fans…