Wang Jianlin, who heads Dalian Wanda, China’s biggest property corporation, said that Britain has one of the most open markets in the world and does not scrutinise investments to the same extent that other countries do.
Mr Wang, who is worth an estimated $24.2 billion US Dollars and is presently China’s richest man, said that he was thinking about buying an English or Italian football club and investing £667 million in the country’s entertainment industry. He has considered many countries for investment, and admires the UK market the most.
He added that the US is also appealing, but the country’s Committee on Foreign Investment closely examines all investment from overseas and can block it.
Mr Wang’s recent investments have drawn a lot of attention. He bought the US cinema chain AMC and InFront, the Swiss company that owns the TV rights for the Fifa World Cup. Yet another high profile aquisition has been Sunseeker, a British yacht builder that supplies boats for the James Bond films.
He said that for the past year, he has been discussing a certain investment in London. It never came to pass, but he still intends to invest $1 billion in the UK. Mr Wang has been approached by a number of English football clubs, but price remains a factor in a decision to buy. He has already purchased a 20% interest in La Liga club Atletico Madrid.