Chinese plans to buy Atletico Madrid stake

Chinese real estate tycoon Wang Jianlin is planning to buy a 20 percent stake in Spanish football league champions Atletico Madrid.

Chinese plans to buy Atletico Madrid stake

Madrid: Chinese real estate tycoon Wang Jianlin is planning to buy a 20 percent stake in Spanish football league champions Atletico Madrid.

Xinhua quoted Madrid sports daily AS as saying Monday that Wang planned to pay 40 million euros ($46 million) for the stake.

Various local media reported that Atletico chairman Enrique Cerezo will travel to Beijing this week to close the deal with Wang. 

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