Atletico Madrid to move to new stadium

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Spanish Atletico Madrid will leave its Vicente Calderon stadium and move to La Peineta stadium in three seasons. The 55,000 capacity Vicente Calderon will be demolished to make way for a riverside park.

La Peineta stadium, situated close to the capital's airport, is the centerpiece of Madrid's bid for the 2016 Games, and the club will pay a 195 million euros plus tax on the work to boost La Peineta's current capacity from 20,000 to 73,000.

"It's a historic day for Atletico Madrid. Leaving Vicente Calderon is sad for us all but we have to get over this to move to a better world and a better stadium," Cerezo was quoted as saying by Atletico's website.

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