Atletico Madrid announced on Monday that global sports investment firm Apollo Sports Capital (ASC) has reached an agreement to become the club’s majority shareholder.
The deal, made with existing stakeholders Miguel Angel Gil Marin, Enrique Cerezo, Quantum Pacific Group, and Ares Management, reportedly values Atletico at around €2.5 billion ($2.89 billion), according to Spanish media.
Despite the ownership change, Gil Marin and Cerezo will remain as CEO and president, respectively, and continue as shareholders.
Previously, Gil Marin’s company Holdco controlled 70.39% of Atletico, while Quantum Pacific, owned by Israeli businessman Idan Ofer, held 27.81%. Within Holdco, Gil Marin owned 50.82%, Ares Management 33.96%, and Cerezo 15.22%.
The new investors and existing shareholders will collaborate to enhance the club’s financial stability, competitiveness, and community impact.
Atletico Madrid currently sit fourth in LaLiga, six points behind leaders Real Madrid.
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