Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024 16:40
The rumours that Chinese Wanda Sports group is interested in buying cycling’s three Grand Tours has resurfaced recently.
According to the Wall Street Journal, the Dalian Wanda group, which owns Wanda Sports, and is itself owned by China’s richest man Wang Jianlin, is potentially interested in buying the Amaury Sport Organisation and its Tour de France.
ASO owns 19 events and organizes three others, with seven of those in the UCI WorldTour. The Tour de France is broadcast in more than 180 countries.
The Wall Street Journal states that people familiar with Wanda’s plans have confirmed Jianlin’s interest in ASO. It added that the deal isn’t advanced at this point and that discussions are at an early stage.
Jianlin is China’s wealthiest person with an estimated fortune of almost $30 billion. In early 2015 he purchased Infront Sports & Media and, for $650 million, the World Triathlon Corporation including the Ironman brand.
Infront made headlines last week when it reached a 10-year deal with cycling group Velon.
Source: velonews
Proofread by John Devlin.
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025 14:05
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025 12:36
Related coverage
Letv to attend exhition with Super Bicycle and Bicycle Channel
10 Oct 2015
General Administration of Sport of China to give up ownership of CSIG
14 Nov 2016
Winter sports boom brings startups, investment
31 Jul 2015
Suning buys into sports data company
26 May 2016
China Sports Industry Group fails to transfer equity
17 Apr 2017
More from Yutang Sports
SPORTACCORD confirms Istanbul as Host City for 2025 Convention
13 Mar 2025
When New tournaments Meets New Tech, the Old Friend of Football Has New Stories
14 Jul 2025
Hisense Named Official Partner of FIFA Club World Cup 2025
01 Nov 2024
The United States Tops Skema Publika's First Annual Sport and Soft Power Ranking
27 Mar 2025
Yutang Sports
loading...