Print Edition - 2018-02-15  |  Sports Digest

Wanda sells Atletico stake


Feb 15, 2018-

Atletico Madrid said Chinese conglomerate Dalian Wanda Group has sold its stake in the Spanish club to an Israeli-owned company. Idan Ofer’s Quantum Pacific is raising its stake to 32 percent after acquiring the 17 percent of Atletico that Wanda has owned since 2015. The share sale will not impact on the naming rights of Atletico’s recently inaugurated stadium, which is called Wanda Metropolitano. Atletico said Wanda will remain a sponsor and help to develop the club brand in China. (AP)

Published: 15-02-2018 10:12

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