Dalian Wanda Group purchase 20% stake in Atletico Madrid

Chinese conglomerate Dalian Wanda has completed its deal to acquire a 20 per cent stake in Atletico Madrid, with chairman Wang Jianlin stating the €45m ($55.8m) investment in the Spanish Liga champion bolsters the firm's efforts to build its presence in the entertainment sector.

Dalian Wanda’s agreement with the controlling shareholders of Atletico, Miguel Ángel Gil Marín and Enrique Cerezo Torres, was signed today (Wednesday) in Beijing. Both parties agreed that the transaction will be implemented through a rights issue, in which all of the cash provided by the Wanda Group will be injected in the club, thereby benefiting all existing shareholders.

A statement from the club read: “Wanda Group’s capital contribution in the club will allow Atlético to significantly shore up its balance sheet, as well as accelerate the growth of its brand globally.

“Both parties have agreed that the transaction will be implemented through a rights issue, in which all of the cash provided by the Wanda Group will be injected in the club, thus benefiting all existing shareholders.

“To this end, the Wanda Group has committed to subscribe a number of shares representing, after completion of the capital increase proposed which the club’s board of directors will immediately submit to the general shareholders’ meeting, a 20% equity share of Atlético Madrid through a €45m investment.



“Wanda Group is a leading Chinese conglomerate operating in sectors such as entertainment, hotels and real estate with an extensive footprint in its domestic market and strong growth in Europe and the US.

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