Apollo Global Management Nearing Purchase of Stake in Atletico Madrid

Apollo Global Management is nearing a deal to acquire a significant stake in Atletico Madrid, potentially leading to the exit of current investor Ares Management from the club's ownership group. The club's CEO Miguel Angel Gil Marin and president Enrique Cerezo are expected to remain in their positions for the time being.

At present, a holding company named Atletico HoldCo controls about two-thirds of Atletico's shares, with Gil Marin holding 47%, Ares 34%, and Cerezo 15%. Apollo is in talks to purchase Ares's shares, with the possibility of acquiring Gil Marin and Cerezo's stakes as well.

The potential deal, which has not been finalized yet, could value the entire club at around €2.2 billion. Gil Marin mentioned the need for external investment to enhance the club's operations, including player recruitment and infrastructure development.

The agreement with Apollo could allow Gil Marin and Cerezo to continue as CEO and president until at least summer 2028 to oversee the completion of a major project, including a new training ground and public facilities. The development is expected to be finished by June 2027.

Founded in 1990, Apollo manages assets worth $751 billion and is planning to launch a $5 billion sports investment fund. The company has also provided a loan to Premier League club Nottingham Forest.

Despite significant investments in new players, Atletico Madrid has had a challenging start to the 2025-26 season, winning only one of their first five La Liga matches. The club's manager Diego Simeone remains supported by Gil Marin despite the team's recent performance.

Atletico Madrid is set to face Rayo Vallecano and Real Madrid in upcoming matches at the Metropolitano stadium. Gil Marin expressed confidence in Simeone's ability to lead the team and emphasized the importance of continuing to compete with the club's values intact.