Dare them you might say but the Chinese are waxing strong buying equities in global sports brand, today Chinese Billionaire Wang Jianlin, chairman of Wanda Group, paid £34million in the deal about 20% equity which gives the company a seat on the club’s board of directors.

Wanda is one of China’s largest, most influential property and entertainment companies with a growing footprint in Europe including significant investment in the UK.

The deal marks the first time a Chinese company has invested in a top tier European football club.

Atletico Madrid’s CEO Gil Marin and president Enrique Cerezo travelled to Beijing to sign the contract with Wanda’s Cultural Industry group director general Zhang Ming.

At the signing ceremony at a hotel in one Wanda’s massive shopping plazas, Wang described the deal as a ‘golden opportunity’.

Read more: http://www.egusiboard.com/chinese-billionaire-buys-stake-in-atletico-madrid

That's good news for ATM. Great players can begin flocking to La Liga