The LaLiga team Atlético de Madrid held an Extraordinary General Meeting of Shareholders recently at their residence – the Riyadh Air Metropolitano Stadium in Madrid, Spain – attended by the Members representing 98.66 percent of the share capital. All the resolutions were adopted unanimously.
‘atleticodemadrid.com’ stated that in the very beginning the meeting approved an amendment to the Articles of Association to adapt the club’s corporate governance to the new share capital structure following an agreement with the Apollo Sports Capital. This agreement resulted in the reorganization of significant shareholdings making the Apollo Sports Capital the majority shareholder.
The club Atlético de Madrid, S.A.D., commonly referred to as the Atlético Madrid or simply Atlético and colloquially as Atleti, is a Spanish professional football club based in Madrid (Spain) that plays in the LaLiga, the highest level of the Spanish football league system. The club play their home games at the Riyadh Air Metropolitano Stadium which has a capacity of 70,692.
The Metropolitano Stadium, also referred to as the Riyadh Air Metropolitano Stadium for sponsorship reasons, is a football stadium in Madrid, Spain, located in the Rosas neighborhood in the San Blas-Canillejas district. It has been the home stadium of the Atlético Madrid since 2017.
The Apollo Sports Capital is a trusted and aligned partner across the global sports and live events ecosystem investing across opportunities, providing patient capital and adding strategic value to the leading franchises, the owners and the assets.
As the sports industry continues to evolve the Apollo Sports Capital seeks to serve as an innovative and scalable solutions provider building durable businesses that create lasting value for the fans, the teams and the communities worldwide.
‘atleticodemadrid.com’ further stated that secondly, the new Board of Directors was approved. It will now consist of Enrique Cerezo as the Chairman, Miguel Ángel Gil as the head honcho 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.
Additionally, the Board has approved a capital increase of up to €100 million. This increase was included in the plans announced last November with the intention of investing in the club’s teams and the City of Sport being developed next to the Riyadh Air Metropolitano Stadium which aspires to become a world-class destination for sport, leisure and culture.
Following the Extraordinary General Meeting of Shareholders the first meeting of the new Board of Directors took place.
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