Apollo Sports Capitals complete acquisition of majority stake in Atletico Madrid

[p]Apollo ‌Sports Capital agreed in November ‌to become the majority shareholder in the top-tier club.[/p][p]As ‌part of the transaction, the ⁠Quantum ‌Pacific Group will retain nearly all ​of its previously-held stake as the second-largest shareholder, ​the club said in a statement.[/p][p]A source with knowledge ⁠of the ​deal told Reuters that Quantum Pacific will own a stake of around 25% in [a href="https://www.flashscore.ca/team/atl-madrid/jaarqpLQ/"]‌Atletico[/a] after the deal.[/p][embed guid="0df24050-a3b0-4039-a688-57067d8c208c" url="https://x.com/atletienglish/status/2032077856130338943" social-type="twitter" /][p]The new board will include five directors from Apollo, two from Quantum Pacific and A&O Sherman partner Antonio Vazquez-Guillen, the club said.[/p][p]Former Atletico player and World Cup winner David Villa ‌will also join the ​board.[/p][p]Atletico's shareholders also approved an ‌increase of equity and strategic capital up to an additional 100 million euros ($116 million) to support the club's ⁠investments.[/p]