The redemption based in the United States Apollo Global Management is in talks with the main shareholder of Atletico Madrid on a possible case to invest in the Spanish high-flight side, two familiar people told Reuters.
The expansion of the Spanish newspaper reported the news on Wednesday.
The club has undertaken a sport and leisure project of 800 million euros ($ 929 million) around its Metropolitano stadium in Madrid.
According to expansion, some 200 million euros for the project will come from the club, the rest would come from private investors.
While the talks between the club and Apollo began to focus on the financing of the Atletico Madrid construction project, the American fund is now interested in a participation in Atletico Holdco, which owns the majority of the club, said one of the sources, speaking under the cover of anonymity because the talks are private.
There is no concrete offer on the table and other funds are interested in participation in Atletico Holdco, said this person, adding that an agreement could enhance the club up to 3 billion euros.
Apollo would obtain his participation via a capital increase in Atletico Holdco, according to expansion. Apollo refused to comment on the report.
The CEO of the club, Miguel Angel Gil Marin, is the main shareholder of Atletico Holdco, with a participation of more than 50%. Ares Management and Enrique Cerezo investment funds are also investors in the company that holds more than 70% of the club.
(Tagstranslate) Football