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Chinese Property Magnate to Buy a stake in Atletico Madrid
   2014-10-15 21:04:55    CRIENGLISH.com      Web Editor: Chu Yiming

Chinese Property magnate Wang Jianlin, the Chairman of the Dalian Wanda Group to invest in leading Spanish football club, Atletico Madrid. [Photo: Imagine China]

Speculation is rife that Chinese Property magnate Wang Jianlin, the Chairman of the Dalian Wanda Group is eyeing up buying a controlling stake in a leading Spanish football club, Atletico Madrid.

Atletico Madrid are defending champions in the Spanish Football League. They also clinched the European Champions League title in 2012.

Analysts point out that Atletico Madrid was not as expensive as the other glitzy Spanish clubs Real Madrid or Barcelona, but have a talent pool to rival them, making it an underpriced, yet potent pick.

The Dalian Wanda Group has not issued an official statement on the purchase, but Chinese media reports from Dalian speculate that the deal will go through as early as next month.

Spanish Prime minister Mariano Rajoy met with Wanda Group Chairman Wang Jianglin when he visited China late last month, fueling further expectations of a buy-out.

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