Private equity giant accelerates layout in sports industry! It is rumored that Apollo Global Management (APO.US) is in talks to acquire a stake in Atletico Madrid.

According to the Zhitong finance APP, three sources have revealed that shareholders of the powerful La Liga club Atletico Madrid are in deep negotiations with Apollo Global Management (APO.US) regarding the sale of a majority stake. This deal would be the latest case of a private equity firm entering the sports industry with stable and predictable income streams. The report states that the negotiations involve the sale of a majority stake, and adds that the deal values Atletico Madrid at approximately 25 billion euros (approximately 29 billion US dollars).