Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
Wang Jianlin, Chairman of Dalian Wanda, is planning to launch a club soccer tournament to rival the European Champions League, according to various media reports.
As reported by the Financial Times, Wanda has been seeking support in England, Spain, Italy, France and Germany, which will provide more places for teams in an enlarged tournament as well as higher revenues from broadcasting rights.
Wanda is said to be in talks with a number of top clubs about this plan. It is believed that the proposed competition would generate more revenue for top clubs like Manchester United, Real Madrid, Barcelona, Chelsea, Juventus and Bayern Munich.
Wanda, owned by one of China's richest men, Wang Jianlin, last year acquired a 20% stake in the Spanish football club Atletico Madrid. The real estate group acquired the Ironman brand along with its parent company, the World Triathlon Corporation (WTC), in August 2015. In March of 2016, it became one of the main sponsors of the Federation Internationale de Football Association (FIFA).
Source: Reuters & Financial Times
Proofread by Sean O Diobhilin
Future of Sport: A Global Sports Week x Viva Technology Collaboration, Will Open in June 14
12 Jun 2023 14:59
SportAccord 2024 - sport as a ‘powerful, transformative tool’ under spotlight at CityAccord
29 Mar 2024 20:16
Related coverage
Linglong Tire in Thai sponsorship deal
27 Feb 2016
The China Cup kicks off tomorrow with total prize money of US$ 700k
09 Jan 2017
Eddie Peng became the goodwill ambassador of Tour de France
10 Jul 2015
Wanda Group acquires Infront Sports at EUR 1.05 billion
10 Feb 2015
Yao Ming to partner HCCR as relay race comes to China
04 Dec 2015
More from Yutang Sports
Leading sports charity, Podium Analytics, announces Trusted Research Environment for Global Sport
11 Apr 2024
WFDF is ready to fly in Chengdu for the World Games 2025
17 Apr 2024
Interview with Andreas Zagklis: to keep popularization of basketball with all-round strategy
08 Jul 2024
SportAccord's interview with Sarah Gregorius: proactive actions are necessary to tackle online abuse
28 Apr 2024
Squash will be significantly boosted by LA28 inclusion
17 Apr 2024
Yutang Sports
loading...