Apollo Completes Investment: Atlético de Madrid Majority Shareholder Change
MADRID – Atlético de Madrid has entered a new era, officially announcing the completion of Apollo Sports Capital’s investment to become the club’s majority shareholder. The deal, finalized on , marks a significant shift for the Spanish football powerhouse, though leadership remains firmly in place.
The transaction sees Apollo Sports Capital, an affiliate of Apollo Global Management, taking the majority stake, while the Quantum Pacific Group (QPM) will remain the second-largest shareholder. Miguel Ángel Gil and Enrique Cerezo, the long-standing figures at the helm of Atlético de Madrid, will continue in their roles as Chief Executive Officer and Chairman, respectively, alongside existing shareholders Ares funds. This continuity was a key element of the agreement, ensuring a stable transition and preserving the club’s established vision.
“We are proud to officially welcome Apollo Sports Capital to Atlético de Madrid as a committed, long-term partner and one that will build on our great legacy on and off the pitch for our fans, our players, coaches and staff, and our community,” stated Miguel Ángel Gil. He also expressed gratitude to Wanda Group, Quantum Pacific, and Ares for their support in facilitating this new chapter for the club.
Apollo’s investment isn’t about dismantling a successful model, but rather reinforcing it. Robert Givone, Apollo Partner and co-Portfolio Manager of ASC, emphasized the firm’s intention to act as “stewards of this storied franchise,” partnering with the existing management to support their long-term vision and invest in both the club and the local community. “ASC is committed to upholding the Atleti spirit and traditions in this exciting next phase,” Givone added.
The deal includes a commitment of an additional €100 million in equity and strategic capital, earmarked for investment in Atlético de Madrid’s teams and major infrastructure projects, particularly the ongoing development of the ‘Ciudad del Deporte’ – a planned sports and leisure district. This ambitious project aims to create a vibrant hub for the community and establish a world-class destination for sport and tourism.
Quantum Pacific Group’s continued involvement signals confidence in the club’s future trajectory. Antoine Bonnier, CEO of Quantum Pacific (UK) LLP, expressed enthusiasm for the new era, stating, “We are proud to be remaining as the Club’s second-largest shareholder…and we seem forward to working with Apollo, Miguel, Enrique and everyone else at Atleti to reach new heights together.” Bonnier highlighted the success achieved under Gil’s leadership and expressed optimism for the decade ahead.
Ares Management Corporation also voiced its continued support. Jim Miller, Co-Head of Ares’ Sports, Media and Entertainment strategy, stated, “We are excited to continue our support for Atlético de Madrid, and we are confident in the Club’s future as they build on their momentum and the significant success we’ve achieved together.”
Notably, Apollo Sports Capital clarified that Atlético de Madrid represents its flagship majority equity investment and is not part of a broader strategy to acquire controlling stakes in multiple clubs. This suggests a focused, long-term commitment to Atlético de Madrid’s individual success.
The legal aspects of the transaction were handled by A&O Shearman, representing Apollo Sports Capital, and ECIJA, representing Miguel Ángel Gil and Enrique Cerezo.
Atlético de Madrid boasts a rich history dating back to its founding in 1903, establishing itself as one of Europe’s most prestigious football clubs. The club’s success is underpinned by a passionate and dedicated fan base, boasting a record-breaking number of club members. Recent investments, such as the opening of the Riyadh Air Metropolitano in 2017, have further solidified the club’s foundations for future growth. The stadium, recognized as one of Europe’s elite venues, will host the UEFA Champions League final for a second time in 2027.
Apollo, a global alternative asset manager with approximately $938 billion of assets under management as of December 31, 2025, brings significant financial strength and expertise to the partnership. Quantum Pacific Group, an international group with diverse interests, has been a key investor in the club since 2017. Ares Management Corporation, a leading global alternative investment manager, also maintains a stake in the club.
The completion of this deal signals a new chapter for Atlético de Madrid, blending the club’s established leadership and passionate fanbase with the financial backing and strategic vision of Apollo Sports Capital. The focus now shifts to leveraging this partnership to further enhance the club’s sporting competitiveness, financial stability, and community impact, both on and off the pitch.