The General Shareholders’ Meeting approves the new composition of the Board of Directors
Apollo Sports Capital becomes the club’s majority shareholder following the formalization of the agreement announced in November.
Club Atlético de Madrid held an Extraordinary General Shareholders’ Meeting on Thursday at the Riyadh Air Metropolitano, attended by shareholders representing 98.66% of the share capital, at which all resolutions were adopted unanimously.
First, the Meeting approved an amendment to the club’s bylaws to adapt its corporate governance to the new composition of the share capital following the agreement with Apollo Sports Capital. The deal has led to a reorganization of the entity’s significant shareholdings, with Apollo Sports Capital becoming the club’s majority shareholder.
Secondly, the new composition of the Board of Directors was approved. The Board will now be made up of Enrique Cerezo as Chairman, Miguel Ángel Gil as Chief Executive Officer, and directors Antoine Bonnier, Robert Givone, Tristram Leach, Jim Miller, Sam Porter, Amit Singh, Javier Valle, Antonio Vázquez-Guillén and David Villa. Pablo Jiménez de Parga will continue to serve as Secretary of the Board.
In addition, the General Shareholders’ Meeting have approved an increase of equity and strategic capital up to an additional €100 million to support the Club’s plans. This includes investment in Atlético de Madrid’s teams and in major infrastructure projects such as the Ciudad del Deporte, which is being developed next to the Riyadh Air Metropolitano and aims to become a world-class destination for sport, leisure and culture.
Following the Extraordinary General Shareholders’ Meeting, the first meeting of the new Board of Directors took place.
