Atletico Madrid are in talks to sell a majority stake of the club to Apollo Global Management. The U.S. firm could take control of the club by acquiring part of stakes owned by the club\'s CEO, Miguel Angel Gil Marin, and its chairman, Enrique Cerezo.
The valuation will reportedly be at $2.9 billion.
New York-listed Apollo, which manages more than $800 billion in assets, is planning to launch a $5 billion sports investment vehicle.