Atlético Madrid reach agreement as Julián Álvarez snubs Barcelona | OneFootball

Atlético de Madrid has taken a fundamental step to significantly expand its investment capacity, both for the professional squad and the club’s facilities. This was announced on Monday, November 10, through its official channels.

“Atlético de Madrid and its main shareholders, Miguel Ángel Gil, Enrique Cerezo, Quantum Pacific Group, and funds managed by Ares Management, have reached an agreement for Apollo Sports Capital (“ASC”), Apollo’s global sports investment company (NYSE: APO), to become the majority shareholder of our club,” the rojiblanco institution reported, following the conversations it had been holding with the American firm for several weeks.

Indeed, this agreement will primarily allow Atleti to have the funds to build a much more competitive team. In fact, ever since rumors began that the authorities were bringing Apollo closer, there has been talk in Spain that they will start to better support Julián Alvarez in order to truly compete for both LaLiga and the Champions League.

Furthermore, the statement clarified: “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 as shareholders, ensuring the continuity and vision of the project and its leadership.”

In the same vein, the team from the Spanish capital specified, mainly to its members, the first areas it will focus on with the new investments: “The shareholders plan to contribute new capital to support the club’s long-term plans, including additional investment in Atlético de Madrid’s teams and in major infrastructure projects. Among them is the development of the Ciudad del Deporte, a new sports and entertainment center next to the Metropolitano Stadium. The goal of this project is to become a world-class destination for sports, leisure, culture, and community activity.”

“Looking to the future, together we see a great opportunity to drive solid and sustainable growth for Atlético de Madrid, building on our legacy. For me, it was important to have a long-term investment partner who believed in our strategy and could enhance our activities off the pitch with the development of the Ciudad del Deporte,” said Miguel Ángel Gil Marín.

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