Official: Chinese investment in Atleti

Chinese conglomerate Dalian Wanda have formalised their purchase of a 20 percent stake in Atletico Madrid following a second Extraordinary General Meeting.

The meeting was held at 10:00 CET on Tuesday, in which a legal team heading Wanda Madrid Investment signed off their purchase of 726,707 shares, totalling to just under €45m at a rate of 61.9 cents per share.

Although Wang Jianlin’s investment was first announced in January, two EGMs – the former of which took place on February 24 – were needed to ratify the deal.

“Wanda Group is delighted to have the opportunity of contributing to the growth of Atletico Madrid and the development of their brand in Asia, as well as benefitting from their great experience in the field of training, which will definitely be useful for the growth of grassroots football in China,” said Wang.

Miguel Angel Gil Marin, CEO of the Spanish champions, added: “It is very important for the club to take a step forward in their efforts to build a leading global brand, which will help us to maintain our competitive sporting edge and consolidate our place among the top clubs in world football.”

Tags Dalian Wanda Group Miguel Angel Gil Marin Wang Jianlin
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