A large alternative manager takes control of a LaLiga club, with existing investors staying in.
What happened
Atlético de Madrid announced in November 2025 that Apollo Sports Capital would become its majority shareholder, and the deal has since completed. Financial terms were not officially disclosed. Press reports put the stake at around 55% and the valuation between €2.2bn and €2.5bn.
How it was structured
Quantum Pacific Group stays on as the second-largest shareholder, with about 25% according to reports, and the existing management remains in place. Shareholders also approved up to €100m of additional capital for the club's investments.
Our review
A change of control changes a lender's counterparty, so continuity of management and new equity both count. The deal also shows how large alternative managers now appear across football's capital structure, as owners as well as lenders.
Sources
Not RMF transactions, just general football and sports transactions. Figures are as publicly reported, and reports sometimes differ. General market commentary, not investment, legal or financial advice.