Wanda Sports Group Is Reportedly Selling Ironman Triathlon For $1 Billion

ByJoseph Gibsonon March 3, 2020inArticles›How Much Does

Wanda Sports Group Co. is a Chinese company in sports promotion, and for the last five years it’s owned the rights to the famous Ironman Triathlon. That may not be the case for much longer, though, since Bloomberg reports that the company is considering a sale of the event for a price of $1 billion – and they have a few companies interested in the Ironman trademark .

The sale is far from final, but Wanda is said to be holding talks with a few different private equity firms with an interest in purchasing the rights to Ironman. The talks come as Wanda declined to enter negotiations last year to sell Ironman over to The Professional Triathletes Organisation, which was reportedly interested in the property. Now, the company is said to still be interested, and recently announced that it would be willing to close an all-cash deal for Ironman.

Despite the reported multiple parties interested in purchasing the Ironman Triathlon from Wanda, the company could still decide to hang onto it.

Wanda Sports Group Is Reportedly Selling Ironman Triathlon For $1 Billion - 1

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