Atletico Madrid to make €180m from Vicente Calderon land sale

Atletico Madrid have generated €100m in selling two plots of land at their old Vicente Calderon stadium, with a further plot still to go.

The club expect to rake in a total of €180m from the sale of the area which held their stadium that they vacated at the conclusion of the 2016/17 campaign.

The sale to the Azora and CBRE GIP fund was confirmed this week and will generate significant revenue for the capital club.

Atleti expect to make another €80m from selling the main package, the largest which stands at 28,481 square meters of the entire 63,076 square meters of land.

The summary of the situation in Diario AS adds that the club “had the foresight to obtain an economic benefit of between €170-180m and that forecast will be met.”