Atletico Madrid receive financial boost ahead of the transfer window

Sat 26 June 2021 | 8:03

The Rojiblancos owners have agreed to increase the club's capital amid debt crisis.

Atletico Madrid

are among the clubs that have been hardly hit by the pandemic’s economic effects. The Spanish giants were reportedly dealing with a debt of around €1billion towards the end of last year. However, Diego Simeone’s side managed to win La Liga on the final day of the campaign as they finished above Real Madrid and Barcelona for the first time in seven years.

The Rojiblancos are keen to bolster their squad ahead of the next season as they are determined to defend their league title. The La Liga champions are interested in signing Udinese star

Rodrigo de Paul

in the summer, but a potential deal for the player won’t be easy for Atletico as they feel the pressure of the huge debt figure over their shoulders. Atletico Madrid’s ownership group has made new decisions to deal with the situation in their newest shareholders' meeting.

According to

Diario AS

, the shareholders have agreed to increase the club’s capital to €181.8million. The decision is expected to boost Atletico Madrid’s activity in the upcoming transfer window. The club will continue their plans to decrease the debt figure, but they might find new revenue streams based on their sporting achievements.

source: SportMob