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Apollo Takes Control of Atlético Madrid With New Board and €100 Million Injection

The shake-up preserves executive leadership, signaling stability during Apollo’s takeover.

Overview

  • An extraordinary general meeting on March 12 finalized Apollo Sports Capital’s acquisition of roughly 55% of the club, making it the majority shareholder.
  • Atlético’s board expanded from five to eleven members, adding five Apollo representatives and appointing former player David Villa as a director.
  • Miguel Ángel Gil Marín remains chief executive and Enrique Cerezo stays on as president, maintaining continuity in day-to-day leadership.
  • At its first meeting, the new board approved a €100 million capital increase to bolster the club’s sporting operations and infrastructure.
  • The funding is expected to advance the Ciudad del Deporte development beside the Metropolitano, a project estimated at €800 million with a significant club contribution.