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China's Wanda Group to buy more sports firms

Published Thu, Jun 25, 2015 · 09:50 PM
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Shanghai

CHINESE property and entertainment giant Wanda Group, which formally took a 20 per cent stake in Spanish football club Atletico Madrid in April, will buy at least three more sports companies this year, its chairman has said.

"Within this year, Wanda will still buy at least three sports companies," Xinhua quoted chairman Wang Jianlin as saying. "Upon the completion of these mergers and acquisitions, Wanda is going to be the world number one in the sports industry."

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