Apollo Sports Capital Acquires Controlling Stake in the Spanish Club
Atlético de Madrid announced that Apollo Sports Capital, a U.S.-based asset management firm, will become its majority shareholder early next year. While financial details were not disclosed, the agreement represents a major shift in the club’s ownership structure.
Leadership Continuity and Long-Term Vision
According to a joint statement, Miguel Ángel Gil Marín y Enrique Cerezo will remain in their respective roles as CEO and president to ensure continuity in the club’s leadership and strategy. Both parties emphasized that this transaction is not part of a multi-club ownership model, but rather a step to reinforce Atlético’s standing among Europe’s elite teams.
Apollo Sports Capital, which also holds stakes in the Madrid Open y Miami Open tennis tournaments, stated that it intends to invest further in Atlético’s long-term plans. These include expanding the Ciudad del Deporte project — a major sports and entertainment district adjacent to the Metropolitano Stadium.
Strengthening Financial and Sporting Competitiveness
The partnership aims to bolster Atlético de Madrid’s financial position, sporting performance, and community engagement. Rob Givone, portfolio manager at Apollo Sports Capital, described the club — founded in 1903 — as “one of Europe’s great sporting institutions.”
Managed by Diego Simeone since 2011, Atlético currently ranks fourth in LaLiga and has won 11 national titles, most recently in 2021. The club has also reached the UEFA Champions League finals in 2014 and 2016.
