Apollo becomes Atlético’s majority shareholder | OneFootball

The Atlético de Madrid has announced that its main shareholders, led by Miguel Ángel Gil, along with Enrique Cerezo, Quantum Pacific Group, and funds managed by Ares Management, have reached a sale agreement for Apollo Sports Capital to become the majority shareholder of the club. Thus, the sale of the club to Apollo's global sports investment company is confirmed. The statement affirms that, as part of the agreement, Gil Marín and Enrique Cerezo will continue to lead the club, as CEO and president respectively. Additionally, both will remain as shareholders, in order to "ensure the continuity and vision of the project and its leadership."

The investment from Apollo comes to strengthen the position of the red-and-white club in the elite of football and aims to support the ambition of delivering long-term success. As long-term investors, Apollo and the current shareholders, according to the statement, "will collaborate with the management of Atlético de Madrid to reinforce the club's financial solidity, its sporting competitiveness, and its contribution to the community."

With this sale of Atlético's shares, the new shareholders "plan to bring in new capital to support the club's long-term plans, including additional investment in Atlético de Madrid's teams and significant infrastructure projects." This sale includes the development of the City of Sport, a new sports and entertainment center next to the Metropolitano Stadium.

After the sale was confirmed, Gil Marín stated: “We are very proud to welcome a new partner committed to the club. Apollo Sports Capital is a great ally that respects the history, traditions, and identity of Atlético de Madrid and its fans, while bringing additional resources and enthusiasm to help maintain our growth and competitiveness.”

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