Soon enough, Jie Zhao’s younger son would gain admission and join the team. And Zhao, who never lived a day in the Needham house, would sell it 17 months after he bought it for a $324,500 loss.
The home sale may become the next chapter in the national debate over fairness in college admissions.
Zhao, who has lavished his largesse on the fencing world and on Harvard, knows how the home purchase looks. But he said it was not meant to help his younger son get into college. Rather, in a series of interviews with the Globe, he called it an investment and favor for Brand, the coach whom he said had become his close friend.
“I want to help Peter Brand because I feel so sorry he has to travel so much to go to fencing practice,” Zhao said of the coach’s 12-or-so-mile commute.
Join the conversation as a VIP Member