China's richest man signs marathon deal

China's push in to organised sports has continued with Dalian Wanda Group joining forces with the world's leading organiser of marathon races.

Dalian Wanda Group, controlled by China's richest man Wang Jianlin, have signed a deal to sponsor marathon races with the world's top organiser, Abbott World Marathon Majors (AbbottWMM).

Wanda's sports division and AbbottWMM signed a deal that will see Wanda hold three races in the Asia-Pacific region in the next 10 years, including one in China.

The AbbottWMM consist of six of the world's most well-known marathon races - Boston, Chicago, New York, Berlin, London and Tokyo.

"This is the right moment for a world marathon to come to China," Wang said.

The Marathon Singapore, an annual international marathon race operated by Wanda Sports subsidiary World Triathlon Corp (WTC), is likely to be a candidate for one of the events, Wanda said in a statement.

Hugh Brasher, London Marathon race director, told reporters at the announcement that it may take several years before a Chinese city meets operational criteria to host a marathon event.

Wanda have helped lead China's push in to organised sports and sports marketing, as the government advances its goal of turning the sector into a 5 trillion yuan ($A950 billion) business by 2025.


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Source: AAP



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