Technogym
Technogym
Technogym

Dalian Wanda expands sports portfolio, launches new global division

Chinese conglomerate Dalian Wanda Group has continued its expansion on the global sport stage by completing the acquisition of media rights company Infront Sports and US-based World Triathlon Corp (WTC) – owner of the Ironman brand and race series.

The group announced that as part of the deal, it has launched a new arm – Wanda Sports Holding – to operate its growing portfolio of sports assets "under one roof".

Headquartered in Zug, Switzerland, Wanda Sports will be led by Infront’s current president and CEO Philippe Blatter – nephew of disgraced FIFA president Sepp Blatter – while the top management teams from both Infront and WTC will remain in place.

WTC operates 250 events a year and its high-profile Ironman brand is considered the world's leading triathlon event.

Wang Jianlin, chair of Wanda Group, said: “The significance of establishing Wanda Sports is not only to integrate Wanda's interests in sports, but also to truly expand and strengthen Wanda's businesses in the industry, while at the same time grasping the rapidly growing opportunities in the Chinese sports market. We want to truly impact the development of sport around the world.”

Wanda Sports will operate a diverse portfolio of sport-related interests, ranging from the Ironman events and TV rights for the FIFA World Cup to a 20 percent stake in Spanish champion football team Atletico Madrid.

Philippe Blatter, president and CEO of the newly formed company, said: “Wanda Sports represents an important step in the expansion of Wanda Group’s strategic investment in the global sports business.

“Under the new structure we expect the growth and acceleration of the company’s impressive portfolio of both spectator and participation sports based on the shared networks and resources of the integrated companies.

“All valued partners and clients as well as millions of sports enthusiasts worldwide will benefit. The new structure will provide continuity and stability, a much enhanced service offering and strengthened resources in event development and delivery.”

• Founded in 1988, Dalian Wanda operates in four sectors – leisure, commercial properties, e-commerce and retail. Its leisure interests include more than 200 hotels and 6,600 cinema screens. In 2014, the company had assets of 534.1 billion yuan and revenues of 242.48 billion yuan. Its chair Wang Jianlin is one of China's richest individuals.

Related stories
06 Jan 2015

Dalian Wanda unveils US$1bn theme park project in China

04 Nov 2013

Dalian Wanda announces US$8.2bn plans for Chinese cinema expansion, including creation of Qingdao mega-complex

21 May 2012

China-based Dalian Wanda to acquire US cinema chain AMC

Chinese conglomerate Dalian Wanda Group has continued its expansion on the global sport stage by completing the acquisition of media rights company Infront Sports and US-based World Triathlon Corp (WTC) – owner of the Ironman brand and race series. The group announced that as part of the deal, it has launched a new arm – Wanda Sports Holding – to operate its growing portfolio of sports assets "under one roof".
SAR,PHR
Philippe Blatter, CEO of Insport, has been named president of Wanda Sports
More news
News stories: 1 - 30 of 7694     
 
 
 
News stories: 1 - 30 of 7694     
 
 
 
company profile
Company profile: Robert D. Henry Architects + Interiors
Robert D Henry Architects (RDH-Architects) was founded in 1990 in New York City by Bob Henry, known as the “sensuous architect of serenity.”
Try cladmag for free!
Sign up with CLAD to receive our regular ezine, instant news alerts, free digital subscriptions to CLADweek, CLADmag and CLADbook and to request a free sample of the next issue of CLADmag.
sign up
features
The Electric Lemon restaurant features glamorous interiors by Rockwell Group
"Further hotels have been confirmed for Los Angeles, Santa Clara, CA, Seattle, Chicago and Houston"

Rockwell Group and Joyce Wang on the inspirations behind the guest rooms, public spaces, spa and gym at Equinox Hotel Hudson Yards

Landscape design: Back to nature
Alan Metcalfe
"When people are a bit scared, they gather together"

Featuring a vibrating glass platform and one of the US’s longest tree canopy walks, Whiting Forest has been designed to bring visitors closer to nature and to one another

There is a pool and spa complex on the ground floor
Martin Jochman founded JADE+QA in 2013. He formerly worked for Atkins
"We didn’t want to put in any gimmicks. We wanted to create a building that’s inherently sustainable through passive sustainability"

When Martin Jochman set out to transform an old quarry into a luxury hotel, he faced some serious challenges

Catalogue Gallery
Click on a catalogue to view it online
To advertise in our catalogue gallery: call +44(0)1462 431385
features
Former track and field athlete Phillip Mills is the founder and CEO of Les Mills
"We’ve designed the space so that the atmosphere is intimate"

Les Mills’ new studio spaces at its iconic Auckland City Gym showcase a trend away from masculine ‘grunty’ gyms to something altogether different

Culture: Alexander Schwarz
Alexander Schwarz
"Our aim was to create a place celebrating public space and accessibility"

The opening of the James-Simon- Galerie on Berlin’s Museum Island completes two decades of work for David Chipperfield Architects. The lead designer talks us through the building

features
Scott Lee became president of SB Architects in 2000. Tracy Lee founded TLee Spas in 2015
"We design to connect the guest to the place, positioning people at the centre of the design"

Architect Scott Lee and spa consultant Tracey Lee on marrying the worlds of design and wellness in a series of interesting projects

Francis graduated as a landscape architect in Belgium. He returned to Lebanon in 1993
"I believe gardens are where the soul rests"

With a focus on desert landscapes and collaborations with Zaha Hadid and OMA, the principal of Francis Landscapes has a deep belief in the power of nature

Houston’s Memorial Park is being restored following hurricane damage
Thomas Woltz
"I am very proud of stewarding the largest public space to be built in Manhattan in a century"

The Wall Street Journal’s Design Innovator of the Year on designing the gardens at Hudson Yards and looking to the Native Americans for ideas on how to create a resilient future

cladkit product news
Diamond balloon concept merges tourist attraction with advertising billboard
Magali Robathan
A group of Dutch engineers have presented a new attractions concept that combines a flying observation cabin with LED digital ...
Eden project uses drones to spell out climate change warning
Magali Robathan
Almost 300 drones were used to signal an environmental message above the Eden Project’s biomes, during the UN Climate Change ...
Cosm unveils Experience Centre with ‘one of a kind’ LED dome
The new Experience Centre houses a 20m LED dome
Magali Robathan
Cosm, a global technology company that builds end-to-end solutions for immersive experiences, has unveiled its Experience Centre which houses a ...
cladkit product news
Jaffe Holden helps bring Academy Museum of Motion Pictures alive
Jaffe Holden provided architectural acoustics for the Academy Museum
Magali Robathan
Acoustical consulting firm Jaffe Holden provided architectural acoustics and audio/video design services for the recently opened Academy Museum of Motion ...
Alberto Apostoli designs tech-forward Wellness Therapy furniture collection for Varaschin
The furniture collection draws on absolute geometries, pure lines, neutral colours and strong references to nature
Megan Whitby
Furniture manufacturer Varaschin has unveiled the new Wellness Therapy range, designed by Italian spa and wellness architect and designer Alberto ...
Codelocks develops new glass door smart lock
The new lock model allows facilities and building managers to create and manage access via an app or online portal
Megan Whitby
Codelocks has launched its first glass door smart lock to bring intelligent access control to modern spa, leisure, fitness and ...
cladkit product news
Alberto Apostoli and Newform collaborate to launch the A.Zeta showerhead
The showerhead offers two modes; rainfall or waterfall
Megan Whitby
Italian architect Alberto Apostoli has renewed his partnership with Newform – an Italian wellness company – and designed A.Zeta. A.Zeta ...
Móz Designs columns anchor the world’s largest indoor aquarium
The design of the columns was inspired by the sea
Magali Robathan
After a two-year renovation, Oakland-based metal experts Móz Designs have unveiled their inclusion in Georgia Aquarium’s new shark gallery. Located ...
Fabio Alemanno Design uses elegant semi-precious stones to create memorable spa experiences
Alemanno believes the stones are well-placed in the spa environment thanks to their capacity to positively support physical and mental health
Megan Whitby
Fabio Alemanno Design has expanded its collection with semi-precious stones to enhance spas, wellness facilities, hotels and private residences. The ...
x
Sign up with CLAD for regular news updates
Technogym
Technogym