sport

Wanda Metropolitano: Atletico Madrid buy new stadium for 30 million euros

Wanda Metropolitano: Atletico Madrid buy new stadium for 30 million euros

Spanish giants Atletico Madrid are moving away from the Vicente Calderon stadium, their home for 50 years

The Spanish giants will move from the Vicente Calderon, their home for 50 years, to the new stadium.

Atletico Madrid have reached agreement to buy La Peineta Stadium from city authorities for 30 million euros, Madrid Town Hall announced on Monday.

The Spanish giants will move from the Vicente Calderon, their home for 50 years, to the new stadium to be renamed Wanda Metropolitano after their sponsors Chinese property company Dalian Wanda Group.

Wanda have had ties with Atletico since January 2015 when it acquired 20 percent of the club.

"The payment will be made in three annual installments, for a total of 30,422,520 euros, with interest," a spokesman for Madrid Town Hall said.

"In addition the club will take over the access work, for a total of 29.875 million euros and the construction of 4,000 public parking spaces."

La Peineta — also known as the Madrid Olympic Stadium — was originally built to host athletics, and was renovated with a view to Madrid’s failed bids to host the Olympic Games in 2012 and 2016.

Built in 1904 its capacity will be increased from 20,000 to 73,000.

The new ground’s name is also a reference to the club’s first real stadium, the Metropolitano, where they played their first La Liga games before moving to the Vicente Calderon in the south of the city in 1966.

The Vicente Calderon, which hosts the Copa del Rey final on May 27, will be destroyed after the La Liga side have vacated the premises at the end of the season.

Source: sport

Click to add a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

sport

More in sport

Selby: Snooker champion breezes into last eight

adminApril 25, 2017

Premier League: Benitez steers Newcastle back

adminApril 25, 2017

Mohamed Salah: Egyptian winger fires Roma brace as drop looms for Pescara

adminApril 25, 2017

Premier League: Koscielny backs new-look Gunners defence

adminApril 25, 2017

Premier League: Tottenham Hotspur won't stop believing says Lloris

adminApril 25, 2017

Chinese Super League: Little-known Brazilian bridges cultural gap in China

adminApril 25, 2017

French League Cup: PSG, Monaco renew battle in semi-final

adminApril 24, 2017

Sharapova: Tennis star rags-to-riches journey resumes in Stuttgart

adminApril 24, 2017

Cricket: Pakistan eye win as Shah strong, Misbah left on 99

adminApril 24, 2017

Copyright © 2016 NigeriaOnline.