Dalian Wanda Group have sold up at Atletico Madrid.

Marca reports Wanda Group owned 17 percent of Atletico Madrid, but they have decided to sell their stake in the capital city club to Idan Ofer's Quantum Pacific Group.

Ofer already had 15 percent of the club's shares, so his stake in the club will rise to 32 percent, once this transaction is approved by Spain's Sports Council.

Miguel Angel Gil Marin and Enrique Cerezo will remain the leading shareholders and will continue to run the club.