Atlético Madrid has completed another major step in the ownership transition to Apollo Sports Capital after approving a €101 million capital increase.
The deal, approved at an extraordinary shareholders’ meeting last Friday and formally confirmed in Spain’s Official Gazette of the Mercantile Registry (BORME) on Monday, will see Apollo become the club’s majority shareholder with close to 55% of the equity.
The new capital will be used to strengthen Atlético’s sporting project, including funding for new player signings, while also supporting the development of the Ciudad del Deporte, the club’s long-term sports and entertainment development.
305,589 new shares issued
The capital increase has been structured through the issuance of 305,589 new shares, each with a nominal value of €8.50.
However, with an issue premium of €322.233 per share, the transaction reaches a total value of €101.07 million, equivalent to €330.733 per new share.
The transaction completes the agreements previously reached between Atlético and Apollo Sports Capital, which is taking control of the club from existing shareholders Miguel Ángel Gil Marín and Enrique Cerezo.
Both are expected to remain minority shareholders following the transaction.
Gil Marín will retain a 10% stake, while Cerezo will hold approximately 3%.
Apollo takes majority control
Following the capital increase, Apollo Sports Capital will hold close to 55% of Atlético Madrid, making it the club’s largest shareholder.
The second-largest shareholder will be Quantum Pacific Group, the investment vehicle associated with Israeli businessman Idan Ofer, with a 25% stake.
US investment firm Ares will retain its 5% holding.
The ownership structure marks a significant change for Atlético, with Apollo now positioned to lead the club’s financial and strategic direction.
Funding both the squad and Ciudad del Deporte
The €101 million injection comes as Atlético continues to pursue growth both on and off the pitch.
Part of the new capital will provide additional financial capacity for the squad and player recruitment, while another portion will support the development of Ciudad del Deporte, a major project at the heart of the club’s long-term commercial strategy.
Atlético has previously identified the development of its sports and entertainment infrastructure as a key source of future revenue, with the club targeting more than €100 million in annual revenue from concerts and other events.
The capital increase therefore represents more than an ownership transaction. It provides Apollo with the financial platform to begin implementing its vision for Atlético while giving the club additional resources to compete in the transfer market and expand its commercial operations.
With Apollo now holding close to 55% of the club, Atlético Madrid enters a new ownership era backed by a €101 million capital injection and an investment strategy combining sporting ambitions with infrastructure and entertainment growth.