Atlético realise Olympic ambitions

Club Atlético de Madrid signed an agreement with the local council on Monday to move to La Peineta Stadium, the centrepiece of the city's bid for the 2016 Olympic Games.

'Fabulous location'
Their current Vicente Calderón home is to be pulled down and turned into a riverside park after the move, scheduled for 2010, takes place. The out-of-town La Peineta, part of the unsuccessful 2012 Olympic bid, is being upgraded and expanded to a 73,000-seat arena. "We are going to a fabulous location, with everything we could need. The agreement is of benefit to Atlético but also to all the people of Madrid," said Atlético president Enrique Cerezo. The capital club reached UEFA Cup qualifying via the UEFA Intertoto Cup on Saturday.