Atletico Madrid announce ¬3.9m profit as plans for stadium move continue

Atletico Madrid want to move into La Peineta for next season.
Atletico Madrid have announced an after tax profit of €3.9 million for 2015-16 and predicted that revenues for 2016-17 would hit €266m.
Atleti have struggled financially for decades but are in a more secure position after sustained success under coach Diego Simeone and the regularising of tax arrears, along with investment from Chinese group Wanda.
The results were announced at a private meeting of shareholders, where the accounts approved by a huge majority.
Chief executive Miguel Angel…

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