Wanda invests in football dreams

ON WEDNESDAY, Dalian Wanda Group, one of China's enterprise giants, announced it was investing 45 million euros ($52 million) on purchasing 20 percent shares of Atl��tico de Madrid, thus becoming its second largest shareholder. Wang Jianlin, Wanda's boss, said it would "help homegrown football players and narrow the gap between China and the rest of the world". Comments:

It is interesting to notice a Spanish media report earlier. It said that Wanda could invest 6 billion in building a complex only 8 kilometers from Sun Gate Square at the center of Madrid, which is to include 15,000 luxurious houses and shopping malls, parks even a casino.

21 Century Business Herald, Jan 22