Atletico Madrid Ownership Transition Announced
Madrid, Spain – Atletico Madrid confirmed on Monday that Apollo Sports Capital (ASC), an asset management company, will become the club's majority shareholder. The transition is scheduled for early next year. Specific financial terms of the agreement were not disclosed by either party.
Leadership Continuity
The current Chief Executive, Miguel Ángel Gil, and President, Enrique Cerezo, are slated to remain in their respective roles. This decision is aimed at maintaining continuity in the club's vision and leadership, according to a joint statement from Atletico Madrid and Apollo Sports Capital. Gil holds positions on the executive committees of both the European Football Clubs group and UEFA.
Investment Strategy and Club Impact
The agreement specifies that this investment is not part of a broader multi-club control ownership strategy for Apollo Sports Capital.
ASC's investment is intended to strengthen the club's financial position, enhance its sporting competitiveness, and increase its community engagement. Apollo Sports Capital plans to allocate additional capital to support Atletico Madrid’s long-term objectives. These include further investments in the club's teams and in significant infrastructure projects, such as the Ciudad del Deporte, a planned sports and entertainment complex adjacent to the Metropolitano Stadium.
Apollo Sports Capital's investment portfolio also includes stakes in the Madrid Open and Miami Open tennis tournaments.
Club Background
Founded in 1903, Atletico Madrid has secured 11 Spanish championship titles, with its most recent win occurring in 2021. The club reached the UEFA Champions League final in both 2014 and 2016, losing to Real Madrid on both occasions. Currently, the team is ranked fourth in La Liga and has been coached by Diego Simeone since 2011.
Previous investors in Atletico Madrid include the Chinese conglomerate Wanda and Quantum Pacific Group, led by Israeli billionaire Idan Ofer.