Wang Jianlin, the chairman of Dalian Wanda Group in China speaks during an event announcing strategic partnership between Wanda Group and FIFA in Beijing March 21, 2016. REUTERS/Damir Sagolj
BEIJING (Reuters) - China Inc's record burst of investment in global soccer could leave investors burnt and out of pocket, says China's richest man, Wang Jianlin, in the highest profile warning yet on a $4 billion splurge since 2015 that has stunned European football.
The chairman of the sprawling Dalian Wanda Group is himself a major sports investor, sponsoring the Chinese league and last year taking stakes in leading Spanish club Atletico Madrid and Swiss sports marketing firm Infront Sports & Media AG.
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