Wanda Sports Group has announced it has entered into a definitive stock purchase agreement to sell its Ironman business to Advance Publications, the American media company that owns Condé Nast and holds …
Our latest on Covid-19
MLS lays off 20 per cent of staff due to financial impact of Covid-19
Major League Soccer has laid off approximately 20 per cent of full-time employees at its New York City headquarters due to the devastating financial impact of the global Covid-19 pandemic
Rugby main beneficiary as UK government unveils £300m sports support package
A total of 11 UK spectator sports will receive a share of £300m (€335m/$397m) from the UK government to see them through coronavirus restrictions this winter.
Ironman’s new investors will focus on content and virtual racing to unlock value
Ben Cronin looks at Advance Publications and Orkila Capital's recent acquisition of Ironman, and how it will be looking to capitalize on the event despite much of the audience and participants of the mass participation series being under lockdown.
Wanda ‘seeks $1bn’ for Ironman as discussions begin
Wanda Sports Group is hoping to raise $1bn (€930m) if it chooses to sell its Ironman triathlon business, Bloomberg has reported.
Spanish competition regulator approves Ironman sale to Advance
Spain’s markets and competition regulator (the CNMC) has approved Advance Publication’s $730m (€644m) deal to acquire Ironman from the Wanda Sports Group.
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Ironman builds Oceania business with Australian event deals
Endurance sports events organisation the Ironman Group has bolstered its portfolio by acquiring four mass participation events from Australian media company Nine, along with establishing a new permanent…