China’s Dalian Wanda Group Sells Atlético Stake to Israeli Billionaire
Idan Ofer’s ownership stake in the Spanish soccer club increases to 32%
Golan Hazani | 12:28 14.02.2018
China’s Dalian Wanda Group has sold a 17% stake in Atlético Madrid to Quantum Pacific Group, whose principal is Israel-born billionaire Idan Ofer, the Spanish soccer club announced Wednesday.
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The deal increases Mr. Ofer’s ownership in Atlético to 32%. In November, he paid 50 million euros ($62 million) for a 15% stake.