A&O Shearman Advises Apollo Sports Capital on Acquisition
- Apollo Sports Capital (ASC), teh global sports investment company of Apollo, has reached an agreement to become the majority shareholder of Atlético de Madrid, according to an official...
- ASC and the existing shareholders will collaborate with Atlético de Madrid's management team to strengthen the club's financial position, improve its sporting performance, and increase its community impact.
- The shareholder group plans to invest additional capital in Atlético de Madrid's long-term initiatives,including its teams and major infrastructure projects.
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Investment Details
Apollo Sports Capital (ASC), teh global sports investment company of Apollo, has reached an agreement to become the majority shareholder of Atlético de Madrid, according to an official announcement on November 11, 2025 from Apollo. The deal involves current major shareholders Miguel Ángel Gil, Enrique Cerezo, Quantum Pacific Group, and Ares Management funds.
Financial terms of the transaction were not disclosed. ASC and the existing shareholders will collaborate with Atlético de Madrid’s management team to strengthen the club’s financial position, improve its sporting performance, and increase its community impact.
Future Investments and Development
The shareholder group plans to invest additional capital in Atlético de Madrid’s long-term initiatives,including its teams and major infrastructure projects. A key project is the development of the Ciudad del Deporte, a new sports and entertainment district next to the Riyadh Air Metropolitano Stadium as detailed by Apollo.
ASC intends to transform the area into a world-class destination for sports, leisure, culture, and community activities, leveraging Apollo’s expertise in the sports, media, and entertainment sectors.
Timeline and Ownership Structure
The investment is contingent upon standard closing conditions, including regulatory approvals, and is anticipated to be finalized in the first quarter of 2026 according to the official press release. Upon completion, Atlético de Madrid-along with its affiliates Atlético de San Luis and Atlético Ottawa-will be majority-owned by ASC.
Miguel Ángel Gil,Enrique Cerezo,Quantum Pacific Group,and Ares Management funds will remain minority shareholders.