Atlético Madrid continues growing and approved a major capital increase

Atlético de Madrid has unanimously approved a capital increase of almost 182 million euros. The club has confirmed that, after the presence of 98.29% of the social mass, this change in the leadership has been given the green light. In this way, Atlético is now in the hands of a new company such as Atlético HoldCo, created by Enrique Cerezo and Gil Marín, and which will hold the majority of shares.

In addition, it adds a new investor such as Ares Management Corporation. "The General Board of Club Atlético de Madrid, SAD, meeting today at the Wanda Metropolitano stadium, with the attendance of partners representing 98.29% of the share capital, has unanimously agreed to a capital increase through the issuance of 972,082 new shares, with a nominal value of 8.5 euros and with an issue premium of 178.60 euros per share, representing a total of 181,876,542.20 euros, at a rate of 187.10 euros per share. action ", the club has notified, underlining that the current shareholders will have preferential subscription rights.

"To face this significant capital outlay," Atlético de Madrid announced, an agreement has been reached with Ares Management Corporation. A "strategic investor" that has acquired 33.96% of the shares owned by Atlético HoldCo, for which Mark Affolter, a partner of Ares, will join the Board of Directors of this new company.

This company is an alternative investment manager that Atlético defines as a "world leader" that provides "complementary primary and secondary investment solutions in the credit, private equity, real estate and infrastructure asset classes." In addition, according to the data provided, in 2021 they have 227,000 million dollars of assets under management.