Month: November 2020

PTO announce intent to buy Ironman

Why has the PTO made the decision to try and buy Ironman? Ever since Providence Capital Partners first saddled WTC with $200 million debt and prepared for their exit sale, the business has been starved of investment. When WSG acquired WTC it burdened the operation with additional debt, thus restricting any ability of the dedicated…

By HearthstoneYarns November 12, 2020 0

PTO announce intent to buy Ironman

Why has the PTO made the decision to try and buy Ironman? Ever since Providence Capital Partners first saddled WTC with $200 million debt and prepared for their exit sale, the business has been starved of investment. When WSG acquired WTC it burdened the operation with additional debt, thus restricting any ability of the dedicated…

By HearthstoneYarns November 12, 2020 0

Is triathlon going soft?

Ironman CEO Andrew Messick is categorical: “The race course has to be safe for everybody, not just people who are young and strong.” Ironman has its critics on many issues, but Messick knows this stance cannot easily be challenged. Whether it’s rough seas, blue-green algae, cold water, hot weather, flooding, landslides, bush fires or sharks,…

By HearthstoneYarns November 12, 2020 0

Is triathlon going soft?

Ironman CEO Andrew Messick is categorical: “The race course has to be safe for everybody, not just people who are young and strong.” Ironman has its critics on many issues, but Messick knows this stance cannot easily be challenged. Whether it’s rough seas, blue-green algae, cold water, hot weather, flooding, landslides, bush fires or sharks,…

By HearthstoneYarns November 12, 2020 0

Ironman reject PTO offer

Wanda, who own Ironman, have rejected the PTO’s (Professional Triathlon Organisation) offer to purchase Ironman and its assets. In a letter to PTO the CEO of WTC, Andrew Messick, said “I have discussed your letter with my Board. While we appreciate your interest, we are not prepared to engage in a discussion around a sale at this point.”…

By HearthstoneYarns November 12, 2020 0

Ironman reject PTO offer

Wanda, who own Ironman, have rejected the PTO’s (Professional Triathlon Organisation) offer to purchase Ironman and its assets. In a letter to PTO the CEO of WTC, Andrew Messick, said “I have discussed your letter with my Board. While we appreciate your interest, we are not prepared to engage in a discussion around a sale at this point.”…

By HearthstoneYarns November 12, 2020 0