I was going to bring this up as well. It's hard to know just how deep Wanda's pockets are and what assets they'll prioritize in the event of a liquidity crunch.

While some of Wanda's purchases do not make sense, others seem to be part of a coherent growth strategy. Consider these Wanda purchases:

Infront Sports & Media - a Swiss company whose CEO has completed over a dozen Ironman races.
World Triathlon Corporation - my understanding is that the WTC CEO reports to the more experienced Ironman finisher at Infront.
Competitor Group - seen as an important feeder to triathlon. Expect to see Ironman booths at RnR events in the near future.
Miscellaneous major running and cycling events in Europe, Australia and South Africa.

There is a pattern here and you don't sell a major component of your car if that would compromise its functional purpose. Meanwhile, if you look at WTC's current and old address, you will see they moved to a new location in Tampa. Inside scoop is that they are preparing to move Competitor Group from San Diego to Tampa and they needed a larger space.

Ever since Wanda purchased WTC, I've noticed an anti-Chinese bias on ST and in social media as if only a U.S. business has the right to manage the Ironman franchise, and as if Wanda is clueless on how to run it. But these purchases make strategic sense and will hopefully leverage the sport in a positive direction.

When you start talking about China, India and greater Asia, stuff like this starts to become a staggering game of numbers. Consider the combined population of China and India is well over 2 billion. Throw in the rest of SE Asia and you are now over 3 Billion - that's nearly half of the worlds whole population!

It seems like the athletic assets are an outlier to the greater emphasis on entertainment businesses. It also would seem to be less integrated into the whole. I would like to see WTC return to US ownership and get away from this emphasis on overseas growth, but it probably is unrealistic to think any of this will make a difference to the experience of the US race consumer. If Wanda sells, it probably will just go back to a PE firm at a loss.