Wang buys 20% share of Atletico Madrid

Chinese billionaire Wang Jianlin has agreed to buy a 20 percent stake in La Liga ­champions Atletico Madrid, Spanish media reported Monday.

The deal with Wang, who controls the Dalian Wanda Group and is a keen soccer fan, will be announced in Beijing on Wednesday.

Wang's investment in Atletico is worth around 45 million euros ,.and then the general manager Hill and the president Cerezo would decrease their share,but still control the club by the total share of 52%.Wang would be the second biggest shareholder,even bigger than Cerezo.

The rumor started in October,2014.And now everything is done but the announcement.

Before that Atletico has established the partnership with Huawei from China.