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- Apollo Sports Capital buys Atlético de Madrid: acquires 57% and will facilitate the transition
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This Monday an agreement that had been brewing for months in the Metropolitan: the entry of the investment fund Apollo Sports Capital with 57% ownership of Atlético de Madrid. This operation does not influence the current red-and-white leaders to continue leading the club and performing the same functions.
Those who until now were the four main shareholders (Miguel Ángel Gil, Enrique Cerezo, Quantum Pacific Group and funds managed by Ares Management) have agreed to sell part of their shares and reduce their share.
What is Apollo Sports Capital
Apollo Sports Capital (ASC) is the global sports investment subsidiary of Apollo Global Managementan asset management and numerous other services company founded in 1990 and managing approximately $908 billion in assets. ASC specializes in investing in sports and live events.
Precisely in September of this year Apollo announced the launch of Apollo Sports Capital (ASC). ASC has taken advantage of Apollo’s already established presence in the world of sports, as funds managed by Apollo have invested more than $17 billion in the sector, including investments in sports and entertainment companies, media rights and the financing of stadiums and leagues.
This Wall Street investment giant, based in New York, has recently invested in the acquisition of ownership of the Mutua Madrid Open and Miami Open tennis tournaments. The type of investment it makes focuses mainly on credit and hybrid investment opportunities (combining debt and equity) in the sports field.
It is not a typical fund that seeks to invest to increase value quickly and leave with the money, its objective is to be a long-term capital partner. The Apollo parent company raises funds from its investors, who seek to revalue their money.
To achieve this, the company raises money from pension funds and insurance companies through Athene, which is its own insurer specializing in annuities. Besides, It raises money through large private investors and financial institutions.
The idea is that all these investors, access very specific products that they could not access on their own (a football club like Atlético, a tennis tournament like the Mutua Madrid Open), to return, in a few years, more money than they invested. With them in charge, they seek to make the club grow so that its value is multiplied for better management, new stadiums or more television income, and thus recover the money and distribute it among investors.
Who is Al Tylis, CEO of Apollo Sports Capital
The visible face of ASC is its executive director, Al Tylis. He describes himself as “an experienced investor and sports executive, known for having been the owner of Club Necaxa of Liga MX, among others.”
The CEO and co-founder of ASC has been involved in the acquisition of part ownership of soccer clubs such as DC United of the MLS, Club Necaxa of the Liga MX, and in the United Kingdom the Swansea City o el Nottingham Forestto which he made various loans.
Tylis had its own investment group, the Tylis-Porter Group, an investment company that was led together with Sam Porter and has the former footballer among its partners. Mesut Özilthe actors Ryan Reynolds y Eva Longoriamodel Kate Upton and her baseball player husband Justin Verlander.
