The Chinese sponsor has already sold its stake in Atletico and now will most likely disappear from Wanda Metropolitano's name, according to several prominent Spanish websites.
According to El Economista and other sources, Wanda will soon disappear from the name of Atletico's stadium. The Madrid club is apparently already in talks with potential successors of Wanda, including Arab companies, in order to fill the void both in naming and finances.
Wanda had signed their 10-year naming rights deal back in 2016, but Atletico are yet to complete their first season at the new stadium. Its current name hasn't proved particularly popular among supporters, who are already dealing with transition from Vicente Calderón and aren't keen on first ever stadium naming rights.
Wanda has already sold its shares in Atletico (roughly 17%) to Israeli Quantum Pacific Group, who are now in possession of 32% of Atletico. For the Chinese it's part of a strategy to minimise expense and cut debts that are pulling Wanda down.
Photo: Julián Angel Muñoz Gutiérrez