Apollo fund becomes majority shareholder at Atlético de Madrid | OneFootball

The global sports investment company Apollo Sports Capital (ASC) has become the majority shareholder of Atlético de Madrid after reaching an agreement with the club and its main shareholders, Miguel Ángel Gil, Enrique Cerezo, Quantum Pacific Group, and funds managed by Ares Management.

“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 the continuity and vision of the project and its leadership,” the club stated in a press release.

Gil Marín was the majority shareholder of Atlético through Holdco, a company that controlled the club with a 70.39% stake, while Quantum Pacific, a British company founded by Israeli magnate Idan Ofer, held 27.81%.

In Holdco, Gil Marín owns 50.82% of the shares, while Ares Management holds 33.96% and Cerezo, 15.22%.

According to the Spanish press, Atlético de Madrid was valued at around 2.5 billion euros (R$ 15.32 billion).

“The investment from ASC will strengthen our club's position among the elite of football and support our ambition to provide long-term success for our millions of fans worldwide,” the statement reads.

“As long-term investors, ASC and the current shareholders will work with Atlético de Madrid's management to enhance the club's financial stability, sporting competitiveness, and contribution to the community,” the club continued.

This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here.