Atlético de Madrid: estimated budget and share capital increase approved by shareholders

"The ordinary general meeting of the club's shareholders has unanimously approved the annual accounts for the 2016-17 season, the income forcast and expenses for the 2017-18 season, as well as the capital increase," announced Atlético de Madrid (LaLiga Santander) on 18/12/2017.

Operating income amounted to €27.7m for the 2016-17 season, while the net profit after tax was €4.99m. The estimated budget "drawn up in line with LaLiga's economic control standards and UEFA's financial performance rules" reached a record €347.28m for the 2017-18 season (+30% over 2016-17). The estimated expenses amounted to €347.16m.

The general meeting of shareholders also approved the entry of Quantum Pacific Group into the share capital of Atlético de Madrid, with an investment of €50m for a 15% stake. Antoine Bonnier, investment director of Quantum Pacific Group, will join the board of directors of the Madrid club as representative of the new shareholders.

Atlético de Madrid: Quantum Pacific Group to acquire a 15% stake via a €50m investment