BUSINESS NEWS
Want to stay up to date on the latest press releases and business news in the running, cycling and triathlon industries? Scroll below to view all endurance sports business news.
December 23, 2022
Professional Triathletes Organization Raises $30 Million in Series B
The Professional Triathletes Organisation (PTO) has completed a $30 million Series B funding round led by Divergent Investments, a Luxemburg-based private equity fund. Majority investors in the round included the Welsh billionaire Sir Michael Moritz and Warner Bros. Discovery, which in July, signed an exclusive multiyear partnership with the PTO to broadcast live and on-demand coverage...
December 23, 2022
Professional Triathletes Organisation Announces Series B Financing with Divergent Investments, Sir Michael Moritz, And Warner Bros. Discovery
London, UK /ENDURANCE SPORTSWIRE/ –The Professional Triathletes Organisation (PTO) announced today the successful completion of a Series B funding round, led by Divergent Investments, an innovative private equity fund. Other investors in the round were majority investor Sir Michael Moritz, as well as Warner Bros. Discovery, a leading global media and entertainment...
December 22, 2022
Events.com Secures $100M Capital Investment from Global Emerging Markets (GEM) to Accelerate Global Expansion and Growth
La Jolla, CA / New York, NY: December 22, 2022 /ENDURANCE SPORTSWIRE/ – Event technology leader Events.com announced today that it has secured a capital commitment of $100 million in the form of a Share Subscription Facility (SSF) from Gem Global Yield LLC SCS (GGY). The SSF will accelerate the company’s growth...
December 22, 2022
Little Rock Marathon Registration Approaching a Price Increase
LITTLE ROCK, ARK (Dec. 21, 2022) /ENDURANCE SPORTSWIRE/ - Athletes interested in participating in the 2023 Little Rock Marathon Weekend have through midnight Tue., Dec. 27, 2022 to sign up at a lower rate. Registration for the 21st annual Little Rock Marathon Weekend opened July 28, 2022. The Little Rock...
December 22, 2022
The National Cycling League (NCL) Announces Team Rosters led by Paris-Nice Winner Sergio Henao, former UCI Women’s World Tour Rider Leah Kirchmann, Multiple Olympians, and National Champions
(Miami, FL, December 22, 2022) /ENDURANCE SPORTSWIRE/ - The National Cycling League, the first of its kind professional sports built around 21st century values of diverse ownership, gender equality, technology, and sustainability, announced the Head Coaches and rider rosters for two new co-ed professional cycling teams – the Denver Disruptors...
December 21, 2022
AllGear Digital Acquires ‘The Inertia’
DECEMBER 21, 2022 | LOS ANGELES, CALIF. /ENDURANCE SPORTSWIRE/ - AllGear Digital, a leading publisher of best-in-class content focused on the outdoors and the active-lifestyle space, proudly announces the acquisition of The Inertia. The digital publication, founded in 2010, features world-class reporting, original films, product reviews, courses, and events for...
December 20, 2022
Nike, Inc. Fiscal Q2 Results Beat Street Expectations; Inventories Up 43 Percent
Nike, Inc. reported fiscal 2023 second quarter revenues were $13.3 billion for the three-month period ended November 30, up 17 percent compared to the prior-year comparable period and up 27 percent on a currency-neutral basis. Overall revenues for the Nike Brand were $12.7 billion, up 18 percent on a reported...
December 20, 2022
Meta CEO Mark Zuckerberg snubs fitness as key to metaverse growth
Meta chief executive Mark Zuckerberg told a federal court Tuesday that he does not consider fitness apps to be key to his plan to build out the metaverse. Asked by his lawyers during a court hearing if the prospect of Meta not having its own virtual reality fitness app kept...
December 20, 2022
London Marathon Events takes over Brighton Marathon
London Marathon Events, organisers of the London Marathon, will take over the Brighton Marathon. The company has stepped into save the event after Grounded Events Company Limited, the former owners and operators of the Brighton Marathon, went into administration. Yahoo Finance
December 20, 2022
CTS Adds 8 Coaches to Expanding Coaching Staff
(Colorado Springs, December 20, 2022) /ENDURANCE SPORTSWIRE/ - CTS, a pioneer in the endurance coaching and camps industry, today announced eight additions to their professional coaching staff. The staff of 65 coaches benefits from an industry-leading continuing education program, ongoing mentoring and evaluation, as well as marketing and business services....