Idman.biz
Football club "Atletico Madrid" has announced the sale of a majority stake in its shares to investment company "Apollo Sports Capital" JSC.
Idman.Biz reports that as part of the agreement, Miguel Angel Gil and Enrique Cerezo will continue to lead the club as CEO and president, respectively, while also remaining shareholders. Under their leadership, "Atletico" has established itself as one of the most successful and well-known football clubs in Europe over the past two decades.
Shareholders plan to allocate capital to support the club's long-term plans, including making additional investments in Atletico teams and key infrastructure projects.
"We are pleased to welcome a new partner who is committed to the club. "Apollo Sports Capital" is a reliable ally that respects the history, tradition and identity of "Atletico Madrid" and its fans, while also providing additional resources and enthusiasm to support our growth and competitiveness," Gil said on the club's official website.
After 12 matches in the Spanish Primera, "Atletico Madrid" is in fourth place in the standings with 25 points. In the Champions League, the team has scored six points in four matches.
