General Discussion Triathlon Talk » WTC purchase North American sports Rss Feed  
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2009-01-06 2:33 PM

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Subject: WTC purchase North American sports

http://ironman.com/mediacenter/pressreleases/world-triathlon-corporation-acquires-seven-u.s.-based-races

Is this a good thing?



2009-01-06 3:44 PM
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Subject: RE: WTC purchase North American sports

So just so I get it straight.

WTC licensed the rights to the Ironman brand for some races to NASports, and now is buying NASports and bringing the management team with them to WTC?

Odd.

2009-01-06 4:18 PM
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2009-01-06 4:59 PM
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Subject: RE: WTC purchase North American sports
I think they should've just sold it to me

Alas, the $1,000 I offered didn't get it done.....
2009-01-07 2:38 PM
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Subject: RE: WTC purchase North American sports
mattajw - 2009-01-06 2:33 PM

Is this a good thing?

Hmmm.  Not so sure.  My initial thoughts are that this is a business and I have seen mergers and buyouts and they never go smooth.  It might end up costing us more money in entry fees.

And never having done a WTC event, I heard they were great, but NAS does an awesome job in Wisconsin.  I hope Mike Reilly is still the man at the end

2009-01-07 8:15 PM
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Subject: RE: WTC purchase North American sports
schmize - 2009-01-07 3:38 PM
mattajw - 2009-01-06 2:33 PM

Is this a good thing?

Hmmm.  Not so sure.  My initial thoughts are that this is a business and I have seen mergers and buyouts and they never go smooth.  It might end up costing us more money in entry fees.

And never having done a WTC event, I heard they were great, but NAS does an awesome job in Wisconsin.  I hope Mike Reilly is still the man at the end

Reading the article sounded like the usual "blowing of smoke" of keeping all the current staff and making a stronger Ironman brand but something just worries me. Not sure how it will effect the athletes but the "smell" test makes me wonder if entry fees will increase since they will now have no comptetion for races offering Kona slots



2009-01-07 9:02 PM
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Subject: RE: WTC purchase North American sports

KEJ - 2009-01-06 5:59 PM I think they should've just sold it to me Alas, the $1,000 I offered didn't get it done.....

You should have offered them $1000 and foam antlers for everyone on the board.

 Is this good? We'll see. The owners of the newly consolidated mDot organization are known for buying, building and selling. Usually within the space of a few years. There are principals in the company however, who are Ironman athletes. Is this an investment or a vanity buy? A combination of both?

Maybe those principals had the same experience JeepFleeb had and decided they wanted the NAS races brought up to the level of the WTC ones.

The real question is "How do they plan to build"? Expanded races? Ironman Intl. Distance series? 

2009-01-07 9:14 PM
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2009-01-07 10:06 PM
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Subject: RE: WTC purchase North American sports
chriselam - 2009-01-06 3:44 PM

So just so I get it straight.

WTC licensed the rights to the Ironman brand for some races to NASports, and now is buying NASports and bringing the management team with them to WTC?

Odd.



Just wrapping up the brand. I bet the math worked out that the license fee they got from NAS was small potatoes compared to the profits. Better to buy NAS, control it all, and reap the profits, than it is to franchise.

I bet we'll see higher fees (demand is there) and more races.
2009-01-08 9:07 AM
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2009-01-08 10:30 AM
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Subject: RE: WTC purchase North American sports
This purchase consolidates the US Ironman branded races under one company (WTC) instead of a licensing deal (NAS, WTC), and WTC's corporate parent has deep, deep pockets.

You may not know that a private equity firm by the name of Providence Equity Securities bought WTC last September. Providence Equity owns investments in more than 100 companies, including many media, entertainment, and communications companies. Companies like movie studios (MGM), cable networks (Univision, the New York Yankee's YES network), broadband / cable companies (especially outside the US), Warner Music Group, etc.

Ironman is not a small business.


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General Discussion Triathlon Talk » WTC purchase North American sports Rss Feed