Atletico Madrid agrees deal with Apollo Sports Capital for majority stake, with investment in infrastructure, training ground and entertainment district
MADRID: Atletico Madrid has reached an agreement with global sports investment company Apollo Sports Capital to become the club’s majority shareholder.
The deal will see capital investment in infrastructure including a new training ground complex and entertainment district next to the Metropolitano Stadium.
Investment will also be directed to Atletico’s first team men’s and women’s teams and the club youth system.
Atletico CEO Miguel Angel Gil said the club was “very proud to welcome a committed new partner to the club.”
Apollo Partner Robert Givone described Atletico as one of “Europe’s great sporting institutions.”
He added that Apollo Sports Capital was “honoured to invest in this storied club and its more than 120-year heritage.” – Bernama-Xinhua
