Atlético prepares a capital increase

Atlético prepares a capital increase so that the club continues to be competitive to the maximum and can overcome the effects caused by the pandemic. The club reported on its website about this decision of the Wanda Metropolitano entity. It points out the following

The Atlético de Madrid Board of Directors, meeting today, has agreed to call an Extraordinary General Shareholders' Meeting to submit for approval a capital increase amounting to 181.8 million euros, with preferential subscription rights for current shareholders.

The purpose of the aforementioned capital increase is to mitigate the adverse economic effects caused by the pandemic on the club's income during this season.da, as well as reducing the level of indebtedness motivated both by the investment in the new stadium and by the acquisition of players to maintain the level of competitiveness of the first team.

Atlético has seen its income reduced considerably this season and the budget suffered a setback due to the lack of income due to Covid-19. Atlético had a budget this season of 325 million euros.