Atletico Madrid said on Thursday that Apollo Sports Capital, the sports investment arm of Apollo Global Management, has completed the acquisition of a majority stake in the Spanish football club.
Apollo Sports Capital agreed in November to become the majority shareholder of the top club.
As part of the transaction, Quantum Pacific Group will retain virtually all of its previously held stake as the second-largest shareholder, the club said in a statement.
A source with knowledge of the deal told media that Quantum Pacific will own about a 25% stake in Atletico after the deal.
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The new board will consist of five directors from Apollo, two from Quantum Pacific and Antonio Vazquez-Guillen, partner at A&O Shearman, the club said.
Former Atletico player and FIFA World Cup winner David Villa will also join the board.
Atletico shareholders also approved an increase in equity and strategic capital of up to 100 million euros ($116 million) to support the club’s investments.
Published on March 12, 2026
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