Spanish football club Atletico Madrid has announced that the majority owner of the club from next year will be the American fund Apolo Sports Capital.
No financial details were provided, and the statement stressed that the deal is not part of a multi-club ownership strategy.
Spanish media reported that the American company will buy a 55 percent stake in the club, whose total value is estimated at 2,5 billion euros.
Apollo is expected to have majority control of Atletico from the first financial quarter of 2026. Apollo Sports Capital operates as part of the asset management company Apollo Global Management.
Atletico Madrid CEO Miguel Angel Gil and president Enrique Cerezo will remain in their positions "to ensure continuity of vision and leadership," a joint statement said.
Hill is an influential figure in European football, as he is a member of the executive committees of the Union of European Football Associations (UEFA) and the European Club Association.
"The investment will strengthen the club's position in football's elite and support its ambition to achieve long-term success for millions of fans around the world. As long-term investors, ASC and existing shareholders will work with the management of Atletico Madrid to improve the club's financial strength, sporting competitiveness and impact on the community," the statement said.
The ASC company has also invested in tennis tournaments in Miami and Madrid.
The company intends to invest additional capital to support the club's long-term plans, including further investment in Atlético's teams and major infrastructure projects such as the Ciudad del Deporte, a sports and entertainment district next to the Metropolitano stadium.
Apollo Global Management was founded in 1990, and one of its co-founders, Josh Harris, is now a shareholder in Crystal Palace of the Premier League, the Washington Commanders of the NFL, Philadelphia of the NBA, and the New Jersey Devils of the NHL.
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