Wanda Sports Comment on Media Speculation
February 19 2020 - 9:03AM
While it is the policy of Wanda Sports Group Company Limited (the
“Company”) (NASDAQ: WSG) not to comment on rumors in the
marketplace or in media reports, in response to recent media
speculation and noting recent appreciation in the price of its
American Depositary Shares, the Company confirmed today that it is
engaging in preliminary discussions concerning a potential sale of
The IRONMAN Group.
There can be no assurance that any agreement will be reached
with respect to a transaction or that a transaction will be
consummated. The Company further notes that it does not
intend to comment further on this matter unless and until it deems
further disclosure is required.
About Wanda Sports Group
Wanda Sports Group is a leading global sports events, media and
marketing platform with a mission to unite people in sports and
enable athletes and fans to live their passions and dreams. Through
our businesses, including Infront and The IRONMAN Group, we have
significant intellectual property rights, long-term relationships
and broad execution capabilities, enabling us to deliver unrivalled
sports event experiences, creating access to engaging content and
building inclusive communities. We offer a comprehensive array of
events, marketing and media services through three primary
segments: Mass Participation, Spectator Sports and Digital,
Production, Sports Solutions (DPSS). Our full-service platform
creates value for our partners and clients as well as other
stakeholders in the sports ecosystem, from rights owners, to brands
and advertisers, and to fans and athletes.
Headquartered in Beijing, China, Wanda Sports Group has more
than 60 offices and 1,600 employees around the world. For
more information, please visit
http://investor.wsg.cn/investor-relations.
Cautionary Statement Regarding Forward-Looking
Statements
This announcement contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934.
These forward-looking statements can be identified by
terminology such as “will,” “estimate,” “project,” “predict,”
“believe,” “expect,” “anticipate,” “intend,” “potential,” “plan,”
“goal” and similar statements. The Company may also make
written or oral forward-looking statements in its periodic reports
to the U.S. Securities and Exchange Commission, in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Such statements involve certain
risks and uncertainties that could cause actual results to differ
materially from those expressed or implied in the forward-looking
statements. All forward-looking statements speak only
as of the date of this press release and are expressly qualified in
their entirety by the cautionary statements included in this press
release. The Company disclaims any obligation to update or
revise forward-looking statements that may be made to reflect
events or circumstances that arise after the date made or to
reflect the occurrence of unanticipated events, other than as
required by law.
For investor and media inquiries, please
contact:
In China:
Wanda Sports GroupEdith KwanTel: +86 (10) 8558 7456E-mail:
ir@wsg.cn
In the United States:
Sard Verbinnen & CoPaul ScarpettaE-mail:
WandaSports-SVC@SARDVERB.com
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