23 Jan, 2015 @ 11:00
1 min read

Chinese billionaire buys €40 million stake in Atletico Madrid

wang jianlin talka

A CHINESE billionaire has bought a 20% stake in current La Liga champions Atletico Madrid.

Wang Jianlin, who has an estimated fortune of €15.5 billion, met with Atletico chairman Enrique Cerezo in Beijing this week.

The 42nd richest man in the world according to Forbes magazine, he is also said to be a keen football fan and will pay €40 million for his stake.

Atletico, currently third in La Liga and still in the Champions League, have had well-documented problems with debt in recent years despite their success on the pitch.


Tom Powell

DO YOU HAVE NEWS FOR US at Spain’s most popular English newspaper - the Olive Press? Contact us now via email: newsdesk@theolivepress.es or call 951 273 575. To contact the newsdesk out of regular office hours please call +34 665 798 618.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

reuben  e
Previous Story

Welcome to my world: Expat plans to launch blog for brother with Down Syndrome

LEAD expats tax hunt e
Next Story

Thousands of expats on property tax ‘hit list’

Latest from Business & Finance

Go toTop

More From The Olive Press