Chinese developer recruits Blatter Jr.
Print Edition
A CHINESE real estate and entertainment conglomerate headed by Asia’s richest man has appointed the nephew of suspended FIFA chief Sepp Blatter as head of its sports division.
Philippe Blatter’s promotion by Wanda Group is part of its efforts to break into the global sports market as China looks forward to hosting the 2022 Winter Olympics and a potential World Cup bid.
Wanda paid 1.05 billion euros (US$1.1 billion) for Infront Sports and Media — a Switzerland-based sports marketing group headed by the younger Blatter — in February and later bought World Triathlon Corp.
Blatter will head up a business unit handling Wanda’s consolidated sports assets, Infront said in a statement.
The move will “expand and strengthen Wanda’s businesses in the industry,” Wanda’s Chief Executive Wang Jianlin said in the statement, dated Wednesday.
Infront is based in Zug, Switzerland, and handles the media and marketing rights for many international sports events.
Wanda also owns a stake in Spanish football club Atletico Madrid.
Sepp Blatter is the target of a criminal investigation by prosecutors in Switzerland regarding possible mismanagement at FIFA and a US$2 million payment made in 2011 to his would-be successor, UEFA boss Michel Platini.
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