Overview
- Atlético Madrid announced an agreement with Apollo Sports Capital that will make the investment firm the club’s controlling shareholder.
- The club said Miguel Ángel Gil will continue as CEO and Enrique Cerezo will remain president, and both will stay on as shareholders.
- The agreement was reached with current stakeholders Miguel Ángel Gil, Enrique Cerezo, Quantum Pacific Group and funds managed by Ares Management.
- Spanish outlet Expansión previously reported Apollo would acquire roughly 55% at an implied valuation of about €2.5 billion including debt.
- Expansión also reported a reshaped cap table with Quantum Pacific near 25%, Miguel Ángel Gil about 10%, Ares around 5% and Enrique Cerezo at 3%.