The Dalian Wanda Group owns Ironman (acq. 2015) and other diverse global interests, including property. It’s a huge, privately owned company, and successful with it, despite Wanda revenues falling last year by 10%.
The company has large global ambitions but those MAY have been tempered by 2017’s government ‘crackdown’ on foreign investment. Which may, in turn, have led to a recent London property sale by Wanda in Nine Elms/Vauxhall.
Reuters suggest that Wanda’s sporting assets could be up for flotation by an offering of shares to the public – this would include the Ironman brand which is part of Wanda’s World Triathlon Corp (WTC). Whilst financial institutions will most likely be the ones buying the shares, maybe you could get your hands on a few too? You might even get a free race place out of it if you buy enough 🙂 (probably not!)
Early days. No official announcement yet.
Sources: Reuters via Yahoo
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