Atlético Madrid officially announced this Monday that it will sell the majority of its shares to an American investment fund. Apollo Global Management, specifically Apollo Sports Capital (ASC);your global sports company.
« Atlético de Madrid and its main … Shareholders — Miguel Angel Gil, Enrique Cerezo, Funds managed by Quantum Pacific Group and Ares Management“We have reached an agreement for Apollo Sports Capital (ASC), Apollo’s global sports investment company (NYSE:APO), to become the majority shareholder of the club,” the Madrid sports corporation reported in a statement.
“As part of the agreement, Miguel Angel Gil and Enrique Cerezo Both will continue to lead Atlético Madrid as CEO and President respectively, and will remain shareholders, ensuring the continuity and vision of the project and its leadership. Under his leadership over the past 20 years, Atlético de Madrid has established itself. One of the most successful and recognized soccer clubs in Europeto achieve continued sporting success, expand our brand around the world, and strengthen our commitment to our communities,” the memo continues.
According to information published by the mattress entity, the new majority shareholder “plans to provide new funding to support the club’s long-term plans, including further investments in Atlético Madrid’s team and important infrastructure projects, including the development of Sports City, a new sports and entertainment center adjacent to the Riyadh Air Metropolitan Stadium. The goals of this project are to: A world-renowned destination for sport, leisure and culture and community activities. Thanks to Apollo’s extensive experience in the sports, media and entertainment sector, ASC aims to create a dynamic, transformative and multidisciplinary city center serving Madrid’s residents.
In a statement provided by Atlético themselves, Miguel Angel Gil points out that: “We are very proud to welcome new members who are committed to the club.Apollo Sports Capital is a great ally who respects the history, tradition and identity of Atlético Madrid and its fans. Bring additional resources and enthusiasm Contributing to our growth and maintaining our competitiveness.
“As we look to the future, together we see great opportunities, including: Promoting reliable and sustainable growth for Atlético Madridbased on our heritage. It was important for me to have a long-term investment partner who believes in our strategy and who will strengthen our off-field activities as Sports City develops,” added the current and future CEO.
In that respect, robert gibone“Atlético Madrid is one of Europe’s great sporting institutions and it is a privilege for Apollo Sports Capital to invest in this historic club and its over 120-year legacy,” said the Apollo partner and co-manager of ASC. Miguel Ángel has done an extraordinary job transforming Atlético. In addition to investing in our team and local community, it was essential for us to invest to support his continued leadership.
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