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.
March 19, 2020
Facebook is giving out $100 million in small-business grants.
Tuesday's announcement by Facebook that it will offer $100 million in grants to 30,000 small businesses may well be the sort of watershed moment that's been needed to spur entrepreneurship and small business growth well into the future. Read more and find out where to sign up on Inc.
March 19, 2020
Under Armour announces $2M donation to support those impacted by the coronavirus pandemic
The company said it will split the donation between a pair of nonprofit organizations. Feeding America will receive a donation of $1 million and another $1 million in money and product will go to Good Sports. Under Armour announced that it will close all North American stores from March 16-28. The company, according to...
March 19, 2020
Coronavirus: Santini to start making face masks instead of cycling clothing
The company, which currently supplies clothing to Boels Dolmans, Trek-Segafredo and the UCI World Championships, is hoping to begin production on Monday, March 23. Santini, working in conjunction with local textile manufacturer Sitip, has said that a prototype has already been made. The mask is currently being tested at the Politecnico di Milan before...
March 19, 2020
Professional Triathletes Organisation Pays Athletes $2,500,000 In Response To COVID-19
LONDON, ENGLAND. The Professional Triathletes Organisation today announced its response to COVID-19 by increasing its Year-End Annual Bonus Programme from $2,000,000 to $2,500,000 and paying it all immediately based on the PTO World Rankings. The $500,000 increase would go to men and women athletes ranked 21-50, who previously would have...
March 19, 2020
ReSport Offers Virtual Race Platform Free of Charge Through April
Realtime Experience Sport (ReSport), a platform for advanced mapping, registration, results, and race tracking, announces free use of its virtual race platform for events disrupted by the COVID-19 pandemic. Now through the end of April, race directors can create virtual races to replace or supplement postponed or cancelled races, giving...
March 19, 2020
VirtualSportsRacing.com Announces Innovative New Platform for Virtual Endurance Events
Dallas, Texas – March 19, 2020 - VirtualSportsRacing.com, an innovative digital platform for virtual sports challenges, events and races, today announced the availability of its industry-leading platform and pricing for all event organizers and race directors looking to host virtual endurance, multisport and gym events for their participants. The platform’s...
March 18, 2020
IRONMAN parent company Wanda Sports Group agrees US$240m loan facility with Credit Suisse
The funding will help Wanda’s sports arm to refinance and prepay its existing 364-day term loan facility, dated 15th Match 2019. The agreement has been made at uncertain times for the sports industry, with WSG announcing earlier in the month that the ongoing coronavirus outbreak could have a ‘material adverse impact’...
March 18, 2020
Fanomena Events reacts to COVID-19
For years the digital goodie bag solution Fanomena Events has been used at numerous events worldwide to share personalized content and engaging offers from sponsors, exhibitors & vendors. Times like these, where the COVID-19 virus forces thousands of events to be postponed or even cancelled require special actions. “When live events...
March 18, 2020
BASE Performance expands to Australia with FastGear as Exclusive Distributor
Boulder, CO, Release: 18 March, 2020. BASE Performance is excited to announce FastGear as its exclusive distributor in Australia. Sports are more global than ever, and it is important for BASE to have representation and access in both hemispheres. Seeing the resilience of the entire country after the terrible fires...
March 17, 2020
RunBetter App Lets Users Run Your Race Course Virtually From Any Treadmill
With possible coronavirus race cancellations looming on the horizon, the RunBetter App offers race directors a convenient way to integrate a virtual run into their contingency plan. The app, available for both Apple and Android devices, lets users run specific race courses virtually from any treadmill. Whether you are hosting...