US-based buyout fund Apollo Global Management is in talks with the owner of Atletico Madrid to take a significant stake in the Spanish top-flight side, Expansion newspaper reported on Wednesday.
The deal would value the team at roughly 2.5 billion euros ($2.91 billion) including debt, the report said, citing unidentified sources.
The US firm would get its stake via a capital increase of Atletico Holdco, which owns the majority of the club, it added.
Atletico and Apollo did not immediately reply to requests for comment.