London-listed CFD provider Plus500 will serve as the main sponsor of leading Spanish football club Atlético de Madrid for an additional season after agreeing an extension to its existing partnership.

Plus500's logo will appear on the team's kit until the end of the 2017-18 season, continuing a partnership that was first struck in January 2015.

The company will also gain access to branding opportunities around the club's new Wanda Metropolitano stadium.

Atlético Madrid is one of Spain's most successful clubs, winning both La Liga and the Copa del Rey on ten occasions, as well as reaching the Champions League final in 2014 and 2016.

It currently plays its games at the 55,000-capacity Vicente Calderón stadium, but will move to the Wanda Metropolitano later this year.

"We are honoured to extend our partnership with such an illustrious football club as Atlético Madrid for an additional season, following the previous exciting season,"Plus500 chief executive Asaf Elimelech said.

"Atlético Madrid consistently demonstrates its strength, professionalism and passion for success, which we feel reflects Plus500's qualities. We are looking forward to continuing this partnership which has proved to be a harmonious combination between Atlético Madrid and Plus500, and created a strong unified brand."

Miguel Ángel Gil Marín, chief executive of Atlético Madrid, added: "We believe that this partnership has proved itself to date and is supporting our growth and progress. We look forward to continuing our journey with them."

Shares in Plus500 Limited (Co.Data) (LSE:PLUS) were trading down 2.40 per cent at 386.50 pence per share in London Monday morning.

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