It’s official: Atlético Madrid has entered a new era, confirming on Monday that U.S. investment giant Apollo Sports Capital has become the club’s new majority shareholder. A seismic shift in Spanish football, the Colchoneros are now backed by major American money.
Apollo isn’t a newcomer to the sports world. The U.S. fund already owns stakes in top tennis events such as the Mutua Madrid Open and the Miami Open, and is now making a massive move into European football.
Despite this takeover, the club’s leadership remains in place, for now. But in this kind of acquisition, history shows that the old guard rarely stays in power for long. A source close to the deal said the takeover values the entire club at around €2.5 billion ($2.92 billion).
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“Project continuity” says Atlético
For the moment, the club insists on stability: Miguel Ángel Gil stays on as CEO, and Enrique Cerezo keeps his position as president. Both men also retain part of their shares, ensuring, according to the official statement, “the continuity of the project and their leadership.”
Atlético also stresses that this deal is not part of a multi-club ownership strategy, a hot and controversial topic in modern football.
A new chapter now begins for the Madrid side, one that could reshape the club’s future on and off the pitch.
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