ATLÉTICO DE MADRID and its principal shareholders, Miguel Ángel Gil, Enrique Cerezo, Quantum Pacific Group, and the Ares Management funds, have reached an agreement for Apollo Sports Capital (ASC), the global sports investment arm of Apollo, to become the club’s majority shareholder.
Under the agreement, Gil and Cerezo will continue in their roles as chief executive officer and president, respectively, and will remain shareholders, ensuring continuity of leadership and vision.
The investment from ASC will strengthen Atlético de Madrid’s position among football’s global elite and support its ambition to achieve sustainable success for fans worldwide. As long-term partners, ASC and the existing shareholders will collaborate with the club’s management to enhance its financial resilience, sporting performance, and community impact.
The shareholder group also plans to inject further capital to advance Atlético de Madrid’s long-term development strategy. This includes additional investment in the club’s teams and major infrastructure projects such as the Ciudad del Deporte, a new sports and entertainment district adjacent to the Riyadh Air Metropolitano Stadium. Designed as a dynamic destination for sport, leisure, culture, and community engagement, the project will draw on Apollo’s extensive expertise across the sports, media, and entertainment sectors to create a vibrant, multi-purpose urban hub for the wider Madrid community.
Atlético de Madrid CEO Miguel Ángel Gil said, “We are very proud to welcome a committed new partner to the club. Apollo Sports Capital is a powerful ally who respects the history, traditions and defining identity of Atlético de Madrid and its fans, while bringing additional strength and enthusiasm to help maintain our growth and competitiveness.”
Apollo partner and co-portfolio manager of ASC Robert Givone added, “Atlético de Madrid is one of Europe’s great sporting institutions and we are honored for Apollo Sports Capital to invest in this storied club and its more than 120-year heritage. Miguel Ángel has done a tremendous job transforming Atlético and it was important to us that we invest behind his continued leadership, in addition to investing in the team and the local community.”
