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.

IANS| Updated: Jan 20, 2015, 11:05 AM IST
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.