"No financial details were disclosed. Chief executive Miguel Angel Gil and president Enrique Cerezo will stay in their positions to ensure "continuity of vision and leadership," the two parties said in a joint statement. Gil's position at Atletico has elevated its influence in soccer, as he is a member of the executive committees at both the influential European Football Clubs group and UEFA."
"The statement also said the deal for Atletico "is not part of a multi-club control ownership strategy." "The investment by ASC will reinforce the club's position among football's elite and support its ambition to deliver long-term success for millions of fans worldwide," Atletico and Apollo said. "As long-term investors, ASC and the existing shareholders will partner with Atletico de Madrid's management to enhance the club's financial strength, sporting competitiveness and community impact.""
"Apollo Sports Capital has also invested in the Madrid Open and Miami Open tennis tournaments. The company said it "intends to invest additional capital to support the club's long-term plans, including further investment in Atletico de Madrid's teams and in major infrastructure projects" such as Ciudad del Deporte, a sports and entertainment district adjacent to its Metropolitano Stadium home."
Apollo Sports Capital will become Atletico Madrid's majority shareholder early next year, with no financial details disclosed. Miguel Angel Gil and Enrique Cerezo will remain in their positions to ensure continuity of vision and leadership. Gil serves on executive committees for the European Football Clubs group and UEFA. ASC said the deal is not part of a multi-club ownership strategy and intends to reinforce Atletico's standing among football's elite. ASC plans to invest additional capital in teams and major infrastructure projects such as Ciudad del Deporte adjacent to the Metropolitano Stadium. Atletico is an 11-time Spanish champion coached by Diego Simeone.
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