The company Wanda Madrid Investment, which is part of the corporate conglomerate Dalian Wanda Group, has officially become a shareholder of Club Atlético de Madrid today, after subscribing 726.707 shares, representative of 20% of the Club's share capital, for which they have paid 44.983.163,30€, at 61,90€ per share.
At their meeting today, the Club's Board of Directors has implemented the capital increase that was agreed upon by the Extraordinary General Shareholders Meeting celebrated the past 24th of February, thus finishing all the process that was made official last January, at an event celebrated in Wanda Group's headquarters in Beijing.
Wang Jianlin, Chairman of Wanda Group, commented at the formalisation event that “Wanda Group is delighted with the possibility of contributing to the growth of Atlético de Madrid and the development of its brand in Asia, as well as being able to rely on their extraordinary experience in the training area, which no doubt will be very useful in the growth of base football in China."
Miguel Ángel Gil Marín, CEO, said at the same event that “it's a very important step for the Club in their effort to build a global leading brand, which will help us maintain the sporting competitiveness of the past years and consolidate among the first clubs of football in the world.”
The entry of Wanda Group on the Club's capital has allowed it to significantly strengthen its equity, as well add helping a larger and swiftest international growth of the Atlético de Madrid brand, especially in the Asian markets.