09:33 AM EDT, 03/12/2026 (MT Newswires) -- Apollo Global Management's ( APO ) investment arm, Apollo Sports Capital, has completed a transaction to become a majority shareholder of Spanish football club Atletico de Madrid, the investment firm and the club said Thursday.

Financial details of the investment weren't provided.

Chief Executive Miguel Angel Gil and Chairman Enrique Cerezo will continue to lead Atletico de Madrid following the investment, Apollo and the club said.

Quantum Pacific Group will retain its existing stake, while Gil, Cerezo and funds affiliated with Ares Management ( ARES ) will continue as shareholders, according to the statement.

Additionally, Atletico de Madrid's board has approved an equity and capital increase of 100 million euros ($115.4 million) to support investments in its teams and infrastructure projects, they added.