Club Atlético de Madrid: a capital increase of €70.8m, including €50m from Ángel Gil & E. Cerezo

The shareholders of Club Atlético de Madrid (LALIGA EA Sports) have unanimously approved the increase in the club's share capital (98.78% of the share capital represented at the time of the vote) by €70.79m, via the issue of 378,352 new shares at a unit price of €187.1, at the general meeting held on 24/06/2024, announced the Spanish club the same day.

The club's shareholders have a one-month priority period in which to acquire new shares. Atlético Holdco, a legal entity combining the interests of Miguel Ángel Gil, the club's majority shareholder and CEO, and Enrique Cerezo, minority shareholder and president, has undertaken to exercise its pre-emptive right of €50m in this transaction.

"Atlético de Madrid has made enormous efforts to achieve a balance between investment in infrastructure, with the Civitas Metropolitano almost fully paid off, and maintaining a competitive squad. But the football environment demands that this financial effort be maintained, and even increased, in order to remain at the forefront of the Spanish and European game. This applies in particular to the new…