China’s Dalian Wanda sells 17% stake in Spanish football club Atletico Madrid

Soccer Football - Santander La Liga - Atletico Madrid vs Malaga CF - Wanda Metropolitano, Madrid, Spain - September 16, 2017 Atletico Madrid’s Antoine Griezmann celebrates scoring their first goal REUTERS/Sergio Perez

Dalian Wanda Group has sold a 17 percent stake in Atletico Madrid, the Spanish soccer club said on Wednesday, the latest step in the Chinese conglomerate’s strategy to reduce debt.

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