Milan, 10 November (LaPresse) – Atlético Madrid passes into American hands. The Spanish capital's club has announced an agreement with Apollo Sports Capital (“ASC”), Apollo's global sports investment company, which will see ASC become the club's majority shareholder in the coming months. Miguel Ángel Gil and Enrique Cerezo will retain their positions as CEO and chairman respectively and will remain shareholders, ‘ensuring the continuity and vision of the project and its leadership,’ Atlético explained in a statement after several months of negotiations. Apollo will acquire between 51 and 55 per cent of the shares. ‘Atlético Madrid will be the main investment, with a majority stake held by ASC, and is not part of a multi-ownership strategy for club control,’ the statement clarified. The club's statement said that "ASC's investment will strengthen our club's position among the best clubs in the world and support our ambition to ensure long-term success for our millions of fans. As long-term investors, ASC and the current shareholders will work with the management of Atlético de Madrid to strengthen the club's financial stability, its sporting competitiveness and its contribution to the community."