Apollo Sports Capital (ASC), the sports investment platform of Apollo Global Management, has agreed to acquire a majority stake in Atlético de Madrid.

The agreement will see Apollo partner with Atlético’s existing shareholders, including CEO Miguel Ángel Gil, President Enrique Cerezo, Quantum Pacific Group, and Ares Management funds, who will retain minority stakes in the club.

Gil and Cerezo will continue in their leadership roles, ensuring management continuity as the Spanish club enters a new phase of growth.

The investment will reinforce Atlético’s financial position and support the club’s long-term strategic initiatives, including the Ciudad del Deporte, a planned sports and entertainment district adjacent to the Riyadh Air Metropolitano stadium. The project aims to create a world-class hub for sport, leisure, and community engagement in Madrid.

Robert Givone, Partner at Apollo and Co-Portfolio Manager of ASC, said: “Atlético de Madrid is one of Europe’s great sporting institutions, and we are honoured to invest in its future.”

The deal underscores Apollo’s growing presence in global sports and entertainment. The firm recently invested in the Mutua Madrid Open and Miami Open tennis tournaments through ASC, which focuses on long-term investments across the sports ecosystem.

The transaction is expected to close in Q1 2026, subject to regulatory approvals. Financial terms were not disclosed.

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