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Atlético de Madrid details the destination of the 101 million capital increase

Atlético de Madrid will allocate the 101 million from the capital increase to signings and the City of Sport, reveals its CEO.

Beatriz Lorenzo AguirreBeatriz Lorenzo Aguirre· · 3 min read

The CEO of Atlético de Madrid, Miguel Ángel Gil Marín, has revealed that the 101 million euros from the capital increase will be divided between the transfer market and the construction of the City of Sport.

Atlético de Madrid has detailed the destination of 101,068,366 euros from its capital increase, an operation that will be put to a vote at the extraordinary general shareholders' meeting scheduled for 7 and 8 August. The CEO, Miguel Ángel Gil Marín, explained that the funds will be allocated to two major projects: the player market and the construction of the City of Sport.

Signings and infrastructure: the two pillars of investment

In an interview with the club's official media, Gil Marín stated that the capital increase "will change the history of Atlético de Madrid." The 100 million euros (the round figure mentioned by the executive) will be used "both for the player market and to continue building our City of Sport."

The club has already invested 50 million euros in recent years to "improve the experience, safety and services" for fans at the Metropolitano stadium, as Gil Marín recalled. Now, the new capital injection will allow for the acceleration of the City of Sport's construction, a complex that will include training and leisure facilities.

The role of Apollo Sports Capital

Gil Marín also referred to the entry of the Apollo Sports Capital fund as the majority shareholder, assuring that its management "has not undergone practically any changes." "It is the same reporting system that I had with the previous shareholders," he stated. According to the executive, the fund "were not managers; they invested third-party money and invested it in assets that had management."

"The relationship is perfect," he added, highlighting that Apollo seeks "a balance between managing fan passion, a dressing room, and the bottom line." For Gil Marín, "the essence of the club continuing to grow lies in the balance of those three pillars."

Hope for the future and international expansion

Looking ahead to the new season, Gil Marín expressed that he feels "grateful and excited." "I see the need to complete a project we started a long time ago: to see Atlético de Madrid always competing among the greats," he declared. The executive highlighted the "infrastructures that very few have in the world" and the club's "incredible social mass."

He also mentioned Atlético's franchises in Canada, Mexico, and Ecuador, which work "with the passion of defending colours." The capital increase, therefore, will not only serve to strengthen the squad and facilities but also to boost the club's international expansion.

For fans, the news represents support for the club's growth strategy, with investments aimed at maintaining sporting competitiveness and improving the stadium experience. The shareholders' meeting on 7 and 8 August will be key to approving the operation, which already has the backing of the management.

Beatriz Lorenzo Aguirre

Written by

Beatriz Lorenzo Aguirre

Redactora

Periodismo económico por la Carlos III y lectora compulsiva de cuentas anuales. Cafés a destajo, alergia a las notas de prensa vacías y memoria para los ERE; en Iber Empresa escribe de empresas y empleo.