Apollo to acquire a majority stake in Atlético Madrid.

Apollo, an alternative investment manager, agreed to acquire a majority stake in Atlético Madrid, one of Europe’s football clubs and sporting institutions, with a long history of success since its foundation in 1903. Financial terms are not disclosed. “We are very proud to welcome a committed new partner to the club. Apollo Sports Capital is a powerful ally who respects the history, traditions and defining identity of Atlético de Madrid and its fans, while bringing additional strength and enthusiasm to help maintain our growth and competitiveness,” Miguel Ángel Gil, Atlético Madrid Chief Executive Officer.