Atletico Madrid has secured a significant investment, welcoming a new American owner to the club. The announcement, made on Wednesday, confirmed that Apollo Global Management’s sports investment division, Apollo Sports Capital, has finalized the acquisition of a controlling interest in the renowned spanish football team. This move follows a previously agreed-upon deal in November, where Apollo Sports Capital was set to become the primary shareholder of the club participating in Spain’s top football league.
The Spanish club detailed the arrangement, specifying that Quantum Pacific Group would maintain a substantial ownership position. Essentially, the existing shareholders will continue to hold a significant role. Quantum Pacific Group will retain nearly all of its previously held shares, solidifying its status as the club’s second-largest shareholder.
A source involved in the transaction revealed that Quantum Pacific will ultimately possess around 25% of Atletico’s shares following the completion of the acquisition. This investment represents a major development within spanish football, signaling a growing international interest in the sport.
Topics: #football #spanish #atletico
Spanish football has witnessed a substantial transaction, with Atletico Madrid gaining a fresh American proprietor.