Apollo completes transaction to be majority shareholders in Atletico de Madrid

Atletico de Madrid announced that Apollo Sports Capital, ASC, the global sports investment company and affiliate of Apollo, has completed its previously announced investment to become the Club’s majority shareholder. As part of the transaction, the Quantum Pacific Group, QPM, will retain substantially all of its previously held stake and be the second-largest shareholder, while Miguel Angel Gil and Enrique Cerezo as well as Ares funds will remain as shareholders. Miguel Angel Gil and Enrique Cerezo will continue to lead Atletico de Madrid as Chief Executive Officer and Chairman, respectively. As long-term investors, ASC will partner with Atletico de Madrid’s management to support the Club’s financial strength, sporting competitiveness and community impact. In addition, the shareholders of the Atletico de Madrid Board have approved an increase of equity and strategic capital up to an additional EUR 100 million to support the Club’s plans, including investment in Atletico de Madrid’s teams and in major infrastructure projects as part of Ciudad del Deporte.