US EditionApollo closes acquisition of Atletico Madrid stake
- Apollo Sports Capital has completed the acquisition of a majority stake in Spanish football club Atletico Madrid.
- Quantum Pacific Group will retain nearly all of its previous stake and remain the second-largest shareholder with about 25%.
- The new Atletico Madrid board will include five Apollo directors, two from Quantum Pacific, Antonio Vazquez-Guillen, and former player David Villa.
- Atletico Madrid shareholders approved an equity and strategic capital increase of up to 100 million euros to support the club's investments.
21 Articles
21 Articles
The US fund becomes the majority shareholder of the red-white club and adds David Villa to the new council
The entry of the private equity giant Apollo into the Atlético de Madrid has been completed this morning, with the purchase of 57% and the appointment of five of the eleven members of the club. On the same day of the landing of the US investment fund, the shareholders have approved the injection of 100 million euros that the new shareholder will pay. The valuation of the club is placed at 2.5 billion euros. Miguel Ángel Gil Marin will continue a…
On 10 November last year the Atlético de Madrid made official the agreement reached with Apollo Sports Capital, global company of investment in sport of Apollo, to become the majority shareholder of the red-white club. The investment was subject to the fulfilment of the usual conditions of closure, including the regulatory authorizations, of this type of operations and today, 12 March, it is expected that the process will complete with the holdi…
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