Apollo Sports Capital Secures Majority Stake in Atletico Madrid

Atletico Madrid is set to have fresh ownership following an agreement by international sports investment firm Apollo Sports Capital (ASC) to take the controlling interest, as revealed by the La Liga side on Monday.

This arrangement comes after ASC finalised terms with the team and its primary owners, including Miguel Angel Gil Marin, Enrique Cerezo, Quantum Pacific Group, alongside investments overseen by Ares Management.

Reports from Spanish media suggest Atletico is appraised at approximately 2.5 billion euros ($2.89 billion).

"Under this pact, Miguel Angel Gil and Enrique Cerezo shall persist in directing Atletico Madrid in their roles as CEO and president, while retaining their stakes to maintain the ongoing strategy, project stability, and managerial oversight," the club declared in its official release.

Gil Marin previously dominated as the largest stakeholder via Holdco, which possessed 70.39 percent of the club, whereas Quantum Pacific, a UK entity founded by Israeli tycoon Idan Ofer, owned 27.81 percent.

Within Holdco, Gil Marin controls 50.82 percent of the equity, Ares Management possesses 33.96 percent, and Cerezo holds 15.22 percent.

"The backing from ASC will bolster our teams standing in the upper echelons of football and fuel our drive for sustained achievements that thrill our global fanbase," the release noted.

"Acting as enduring backers, ASC together with existing owners will collaborate with Atletico Madrids leadership to enhance fiscal robustness, athletic prowess, and societal impact," the club added.

Atletico presently sit in fourth place in La Liga, trailing local competitors Real Madrid, the league leaders, by six points.