Pursuits
China’s 2nd-Richest Grabs Stake in Spanish Soccer Club
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Wang Jianlin, China’s second-richest man, is buying a 20 percent stake in Spanish soccer team Atletico Madrid while eyeing more deals including another European club and a multibillion-euro unspecified purchase in Spain.
Dalian Wanda Group will pay 45 million euros ($52 million) for the Atletico stake, marking the first investment by a Chinese company in a top European soccer club, Wanda said in a statement announcing the agreement. Wang, who is Wanda’s chairman and founder, said today he’d also met Spanish Prime Minister Mariano Rajoy to discuss a 3-billion-euro “megadeal.”