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Apollo Sports Capital to Become Majority Owner of Atlético Madrid

Regulatory approval is still required before a planned early-2026 completion.

Overview

  • Atlético de Madrid and Apollo Sports Capital confirmed an agreement for ASC to take majority control, with Miguel Ángel Gil Marín staying as CEO and Enrique Cerezo as president.
  • Financial terms were not disclosed, though multiple outlets report a roughly 55%–57% stake and valuations above €2 billion.
  • The transaction remains subject to customary closing conditions and regulatory clearances, with completion anticipated in the first quarter of 2026.
  • ASC plans to provide new capital for sporting investment and infrastructure, prioritizing the Ciudad del Deporte development next to the Metropolitano.
  • At closing, majority control of international affiliates Atlético de San Luis and Atlético Ottawa will transfer to ASC, ending 33 years of Gil/Cerezo family majority control, with Gil Marín the principal seller.