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Quantum Pacific Group has reached an agreement with Dalian Wanda Group to acquire its 17 percent share capital of LaLiga side Atletico de Madrid to increase the international group whose principal is Idan Ofer have increased its share capital to 32 percent.
Meanwhile chief executive Miguel Ángel Gil and president Enrique Cerezo will continue to be the majority shareholders of the club.
The decision to divest their stake in Atletico Madrid is part of the global strategy of the Dalian Wanda Group. By mutual agreement with the majority shareholders of the club, it has been decided that Wanda’s participation in Atletico Madrid should be acquired by one of the current reference shareholders of the club, Quantum Pacific Group, which in this way renews its willingness to invest and support the club.
Once the transfer of the shares is finalized, which requires the authorization of the Spanish Superior Council of Sports, Quantum Pacific Group will increase its current participation from 15 to 32 percent. Miguel Ángel Gil and Enrique Cerezo, CEO and president of the club, respectively, remain the majority shareholders of the club.
In this new scenario, Atletico Madrid and Dalian Wanda Group have corroborated their firm commitment to continue their mutual collaboration, which will be strengthened in the coming months thanks to new initiatives. Wanda maintains its support as a sponsor of the club, which can be seen in the name of the club’s stadium, the Wanda Metropolitano, which, for the coming years, will continue being the name of the stadium. And also to continue the ambitious project to educate and train children and young adults, in which both entities have been collaborating for six years in a very successful manner and which has turned our Academy into a model of hard work and results at a global level. Lastly, both entities have renewed the strategic agreement to develop the Atletico Madrid brand in China through Wanda Sports.
