Apollo Sports Capital, an affiliate of Apollo (NYSE: APO), completed its investment to become the majority shareholder of Spanish football club Atlético de Madrid, the company announced.

The transaction maintains the existing leadership structure, with Miguel Ángel Gil continuing as Chief Executive Officer and Enrique Cerezo remaining as Chairman. Quantum Pacific Group retains substantially all of its previously held stake as the second-largest shareholder, while Gil, Cerezo, and Ares funds remain as shareholders.

The club's board approved an increase of equity and strategic capital up to an additional €100 million to support investment in teams and infrastructure projects as part of Ciudad del Deporte development.

"We are proud to officially welcome Apollo Sports Capital to Atlético de Madrid as a committed, long-term partner," said Gil in a statement based on the press release.

Apollo Partner Robert Givone said the firm is "committed to upholding the Atleti spirit and traditions in this exciting next phase."

Apollo Sports Capital describes itself as a global sports investment company focusing on credit and hybrid opportunities across the sports and live events sector. The Madrid club represents ASC's flagship majority equity investment and is not part of a multi-club ownership strategy.

Atlético de Madrid, founded in 1903, plays at the Riyadh Air Metropolitano stadium, which opened in 2017 and will host the UEFA Champions League final in 2027. The club is developing Ciudad del Deporte, described as a district project for sport, leisure and tourism.

Apollo manages approximately $938 billion in assets as of December 31, 2025, according to the announcement.