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China's Wanda buys 20 pct stake in Atletico Madrid for $52 million (1/7)

2015-01-21 14:55 Ecns.cn Web Editor:Gu Liping
Wang Jianlin (M), chairman of the Dalian Wanda property group, together with Atletico Madrid CEO Gil Marin (L) and club president Enrique Cerezo (R), hold a jersey which features Wang’s name on the back at a signing ceremony in Beijing on Jan 21, 2015. At the event, they announced that Wanda Group agreed to pay 45 million euros ($52 million) for a 20-percent stake in reigning Spanish champion Atletico Madrid. The move is the first Chinese investment in a top-flight European football club. [Photo/Agencies]

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