Atlético Madrid: Chinese conglomerate Dalian Wanda Group to acquire a 20% stake for €45 million

The Dalian Wanda Group, a Chinese conglomerate specialising particularly in the entertainment, hospitality and real estate sectors, will acquire a 20% stake in Club Atletico de Madrid (Liga BBVA) for €45m, announced the Chinese company and the Spanish club on 21/01/2015.

The announcement was made by the Chinese billionaire Wang Jianlin, chairman of the Dalian Wanda Group, Miguel Ángel Gil Marín, CEO of Atlético, and Enrique Cerezo, president of the capital city club, at the headquarters of the Dalian Wanda Group in Beijing (China).

The transaction, approved by the club's board of directors, takes the form of a capital increase and is subject to the approval of all shareholders at the next General Meeting of Club Atletico de Madrid, which will be in March 2015 (final date yet to be scheduled).