MADRID, Nov. 10 (Xinhua) -- Atletico Madrid has announced that it has reached an agreement with the global sports investment company Apollo Sports Capital to become the club's majority shareholder.
The club and Apollo explain the deal will see the investment of capital in infrastructure, such as a new training ground complex and entertainment district next to the club's Metropolitano Stadium, as well as in Atletico's first team men's and women's teams and the club youth system.
Atletico's CEO Miguel Angel Gil said the club was "very proud to welcome a committed new partner to the club."
Meanwhile, Apollo Partner Robert Givone said that Atletico was one of "Europe's great sporting institutions and we are honored for Apollo Sports Capital to invest in this storied club and its more than 120-year heritage." ■
