(Reuters) - Atletico Madrid have agreed a price tag with local authorities to buy the land where their new stadium is being built, the mayor's office said on Monday. They are competing against the Olympic Stadium in Baku, Azerbaijan for the right to host the 2019 Champions League final at the Wanda Metropolitano. The land deal carries a price take of 30.4 million euros (26.53 million pounds) plus interest, and Atletico have agreed to spend an additional 29.8 million euros on developing the surrounding area of the city, including over 4,000 public car park spaces. The cost was adjusted to reflect the fact that the club are acquiring about 50 percent more land than envisaged under the original deal, drawn up in 2008. It has also been agreed that the stadium will not be used in any future Olympics hosted by Spain, with Atletico retaining exclusive use.

Source: The Star March 13, 2017 14:37 UTC