Wang first entered the FIFA Coins

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AMC, which he bought for $2.5 billion, and the Legendary Entertainment film studios in Hollywood which cost another $3.5 billion. Wang financed the "Spotlight" movie which won this year's Oscar.Wanda's sports holdings division already proudly boasts that it is  FIFA Coins "the world's largest sports company."


Wang first entered the soccer business in the 1990s when his group became the key backer of Dalian Wanda.But he withdrew in 2000 after condemning the corruption in Chinese football. But he has never lost interest in the sport.He bought a 20% stake in Atletico Madrid for 45 million euros ($52 million) in January 2015 which he said was an investment but also intended to "strengthen the quality of


Chinese football and narrow the gap between the rest of the world."The following month he spent an estimated 1.05 billion euros ($1.2 billion) on Swiss-based marketing group Infront company.Infront’s businesses include producing


World Cup broadcasts for FIFA and its chief executive is Philippe Blatter, nephew of the now fallen Sepp Blatter.It works with the governing bodies of skiing and ice hockey, Italy’s Serie A football and the Chinese basketball league.Wang again highlighted that it was an investment that would also help Chinese sport."



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