Wanda Group taps Blatter’s nephew to head sports business

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BEIJING: 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 for Infront Sports and Media — a Swiss sports marketing group headed by Blatter — in February and has since bought the World Triathlon Corporation. Blatter will head up a business unit handling Wanda’s consolidated sports assets, Infront said in a statement.

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AFP

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