MADRID: Cash-strapped Spanish Primera Liga outfit Atletico Madrid are preparing to sell their Vicente Calderon stadium to cover debts amounting to 270 million euros (US$335 million), it was reported here yesterday.
Atletico have created a company with assets worth 226.2m euros - the estimated value of the Calderon - with the aim of selling the site once it has been rezoned residential by local authorities, the Expansion newspaper claimed.
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