PTO and IRONMAN Talks Heating Up, Maybe Not in a Friendly Way?

By Bill Plock

Below is a news release we just received from the Professional Triathletes Organization regarding their attempt to engage with IRONMAN for eventual purchase and/or collaboration. It’s no secret the Wanda Sports Group is hoping to sell its triathlon business (IRONMAN). If you are keeping up with this saga, here is the latest.

From afar, does this in some ways parallel what is happening in the National Football League, but on a much, much smaller scale? The NFL is trying to get the players union to accept a new collective bargaining agreement that is actually valid until 2021. But from all accounts, NFL owners want to leverage a long term players agreement as they approach upcoming, multi-billion dollar television contracts due for negotiation this year. If there is a “shaky”, one year agreement players contract still in place, it is thought the NFL will not be able to maximize television contracts due to a possible strike and loss of games to be televised. Makes sense.

Is this a similar situation? It seems the PTO is basically telling IRONMAN that with a supportive professional triathlete organization, they will have a better product to sell and a stronger brand. So why are there no conversations happening–at least publicly? It will be interesting to see how this moves forward.

LONDON, ENGLAND–: The Professional Triathletes Organisation today released the following letter sent to the Board of Directors of Wanda Sports Group Company Limited on 3rd March 2020 advising the Board that in its view the value of the Ironman® Business in any possible sale would be adversely affected by its failure to engage in constructive discussions with the PTO.

Board of Directors, Wanda Sports Group Company Limited, Wanda Plaza, Tower B, 9th Floor, 93 Jianguo Road Chaoyang District, Beijing, China, Attn: Mr. Yimin Gao–CEO

Andrew Messick, Chief Executive Officer, World Triathlon Corporation, 3407 W. Martin Luther King Blvd, Suite 100, Tampa, Florida 33607

Dear Members of the Board:

We are writing on behalf of the Professional Triathletes Organisation (the “PTO”) and note with interest your public announcement that the Wanda Sports Group Company Limited (“WSG”) is in preliminary discussions concerning the possible sale of its worldwide triathlon and mass participation business (the “WTC Business”). We further note that the WSG Board has yet to respond to our letter dated 3rd of February 2020, in which we advised the Board that the PTO is prepared to enter into discussions regarding the acquisition of the WTC Business and to consider an all-cash transaction or one in which the existing shareholders of WSG are able to participate in the growth of the WTC Business that the PTO and its professionals are uniquely able to deliver. In our letter we also advised the WSG Board that we are prepared to work with other groups who may be interested in acquiring the WTC Business.

We strongly believe that our involvement in the sale process will enable the WSG shareholders to maximise the value of any sale of the WTC Business, and failure to allow the PTO the opportunity to be part of any sale process will adversely affect the WSG shareholders. We believe that this proposal represents a unique opportunity to realise significant value for WSG shareholders and the employees of WTC, and that the PTO can uniquely provide a healthy and growing environment for the WTC Business. The PTO and North Point Advisors, our financial advisors, are prepared to begin discussions forthwith with your senior management and your financial advisors and to sign a customary confidentiality agreement in order to commence certain due diligence.

We hope that you share our enthusiasm and that the WSG Board, in the exercise of its fiduciary duties, delivers a prompt and favourable reply to us. As the WSG Board has failed to respond to our previous good faith approach, we will publicly release a copy of this letter. We would urge you to convey to any potential bidders with whom you may be in discussions our view that the cooperation of the PTO in the operations of the WTC Business is vital to its valuation and its ongoing and future success and, further, in our view, the continued failure of the WSG Board or any potential bidder with whom you may be in discussions to engage with the PTO in a constructive and cooperative manner may have an adverse effect on the WTC Business and the WSG shareholders. We would accordingly request that if there are any restrictions in any Non-Disclosure Agreements prohibiting potential bidders from engaging in discussions with the PTO, that they be waived so that WSG shareholders are able to maximise the sale price of the WTC Business.

Respectfully yours,

Charles Adamo –– Chairman

Sam Renouf –– Chief Executive Officer

Rachel Joyce –– Athlete Director

Dylan McNeice –– Athlete Director

PTO Announces Collins Cup, $2,000,000 Purse for Pro Triathletes, Same Weekend as Challenge Championship, Add to Bucket List?

LONDON, ENGLAND–BOULDER, USA, Professional Triathletes Organisation today announced that the inaugural Collins Cup will be held on 29–30th May 2020 at the extraordinary x-bionic® sphere in Samorin, Western Slovakia and will have a prize purse of over $2,000,000. It will bring together the greatest professional triathletes in the world in a team competition to do battle to see who dominates the sport. This is the home of Challenge Family’s The Championship event, which will be held the next day on 31 May. 

The Professional Triathletes Organisation partnered with Crankstart Investments, an investment vehicle for Michael Moritz, in establishing a platform for professional triathletes to begin to realize their goal of athlete self-determination.

Rachel Joyce, Co-President of the PTO, commented “This day has been long in coming and we are grateful to the great professional triathletes who have, through all their blood and sweat over many years, paved the way for this opportunity to materialise. The Collins Cup will be a true celebration of both the history and the future of the sport we love so much, and we look forward to hosting the event and engaging the entire triathlon community.”

Charles Adamo, Chairman of the PTO, stated that “The PTO has been working for a number of years to create an environment and structure where professional triathletes have a meaningful voice in the way the sport is operated and can contribute to its growth for the benefit of the entire triathlon community. We are very pleased to have teamed up with Crankstart Investments and Michael Moritz, who share our vision in the potential of the sport and the best means by which to see it grow and thrive.”

Modelled after golf’s Ryder Cup, The Collins Cup is a competition among USA, Europe and the Internationals. Each team will consist of 12 professional triathletes, six men and six women. Eight athletes, four men and four women, will earn a place on their respective teams by way of the PTO World Rankings™ System and the remaining four athletes, two men and two women, will be selected by the non-athlete PTO Board Members with advice from Team Captains.

The Team Captains for The Collins Cup 2020 are:

Collins Cup Captains' 2020

An athlete from each team will battle against one another in an individual race of three, so there will be 12 separate race matches, each staggered 10 minutes apart. Athletes will be awarded points for their team based on performances in their respective race match and the team with the most overall points from the 12 race matches will claim the spoils of The Collins Cup and bragging rights as the most dominant force in the sport. The team that finishes last will receive The Broke Spoke Trophy. Click here to view “How It Works”

Sam Renouf, CEO of the PTO, commented, “The format of USA vs Europe vs Internationals will add a whole new level of competition and pure excitement for triathlon. By adopting a proven format like the Ryder Cup with its nationalistic intensity, and having a points system that creates drama throughout the race, The Collins Cup is designed to be a compelling live TV event that appeals not only to the fans of endurance sports, but also to the general sports enthusiast.”

Tim O’Donnell, Co-President of the PTO, commented, “We could not be more thrilled with the first Collins Cup being hosted at x-bionic® sphere in Samorin. The primary mission of the PTO is to celebrate the sport of triathlon. The Collins Cup, by bringing together legendary team captains to lead today’s top triathletes in a battle to see which region dominates the sport of triathlon, will not only be a riveting competition, but will serve as a platform for professionals and fans alike to celebrate our sport.”

Zibi Szlufcik, Chairman of CHALLENGEFAMILY, commented, “We are delighted to be working with the PTO to host the inaugural Collins Cup at the extraordinary x-bionic® sphere in Samorin, Western Slovakia. The spectacular venue could not be more perfect for the PTO’s inaugural event and the weekend promises to be a triathlon celebration unlike any other.”

Mario Hoffman, owner of x-bionic® sphere stated “It is a great honour for Slovakia, Šamorín and x-bionic® sphere to host such a magnificent event. I can say for the whole team that we are thrilled to be a part of history and we are ready to help with our knowledge and vast experience in organizing huge international sports events.” Click here to view x-bionic® sphere.

Braver, Bolder, Stronger 2019: Brunch & Goal Setting Workshop

Boulder

 

Braver, Bolder, Stronger 2019, presented by REINAS
8:00am- Kick-off run at the Boulder Reservoir (optional)
10:00am-2:00pm- Brunch and workshop

We don’t believe in “New year, new you”. We do believe that the new year is a good time to review the path you are on; to consciously decide what practices you will continue and which you will shed, and what you can start doing to set you up for success in 2019.

Rachel Joyce, Professional Triathlete and Dana Platin, Leadership Development Strategist, have partnered to deliver Braver, Bolder, Stronger 2019: a transformative workshop on the power of goal-setting.

Join us as we ‘Brunch and Learn’ in the stunning St Julien Hotel and Spa. After an optional run, you will enjoy a bellini brunch whilst you participate in sessions that teach you how to conduct your own end of year reflection, and play to your strengths for 2019. You will walk away from this reflection and goal-setting workshop with your strategy for the year ahead.

What you will take away:

– Expert instruction and skills building on the art and skill of reflection and goal-setting.
– 2019 concrete plan for personal, professional, athletic goals.
– 2019 indicators of success.
– Strategies to build more harmony and balance into 2019.
– Strategies for self-accountabilty in order to make our goals stick.
– Surround yourself with other BBS women!

Stay longer and take advantage of St Julien’s spa treatments.

Cost  $149.00       **Holiday special $125.00 until November 30, 2018**
25 slots available, sign up today!

 

Event details and registration here

Weekend Preview: Another Beautiful Weekend on Tap

Triathlon Events

Thursday June 21st

 

Vixxen Racing Swim Clinic

Boulder


Boulder Stroke & Stride, Week #4

Boulder


Friday June 22nd

 

Leadville 100 Trail Run Training Camp

Leadville


Saturday June 23rd

 

Solstice Sunset Open Water Swim

Longmont

Join Mountain Swim Series as they kick off their 2018 season with the Solstice Sunset Swim at Union Reservoir Saturday June 23rd. Early online registration closes Thursday June 21 at midnight. Race day registration is available for an additional $10 fee.

 


Loveland Lake to Lake Triathlon

Loveland


TriBella Women Only Triathlon

Cherry Creek Reservoir


Leadville 100 Trail Run Training Camp

Leadville


Sunday June 24th

 

Rachel Joyce & Dana Platin Run Clinic

Boulder


Boulder Sunrise Triathlon

Boulder


South Suburban TRYathlon

Centennial


Tri on the Plains

Sterling


Tri the Boat

Steamboat Springs


Leadville 100 Trail Run Training Camp

Leadville



Cycling Events

Thursday June 21st

 

BVV Thursday Night Racing

Erie


Grintas Cycling Retreat

Steamboat Springs


Crested Butte Bike Week

Crested Butte


USAC Pro Road, ITT & Criterium National Championships

Knoxville, TN


Friday June 22nd

 

Pactimo Pop-Up Store

Denver


Mountain Bike Capital USA Weekend Event

Winter Park


Grintas Cycling Retreat

Steamboat Springs


Crested Butte Bike Week

Crested Butte


USAC Pro Road, ITT & Criterium National Championships

Knoxville, TN


Saturday June 23rd

 

Mavic Haute Route Rockies

Boulder to Colorado Springs – the long way

 

 


EPIC Singletrack Series: Point to Point

Winter Park


Bring Out Yer Bike 

Denver


Laramie MTB Series

Happy Jack, WY


VIDA Mtb Clinic: Trestle Bike Park

Winter Park


BME Series: Crested Butte

Crested Butte


4SOH

Ft. Collins


BoulderCentre for Orthopedics Criterium

Golden


Colorado Bike MS

Westminster – Ft. Collins


Grintas Cycling Retreat

Steamboat Springs


Crested Butte Bike Week

Crested Butte


USAC Pro Road, ITT & Criterium National Championships

Knoxville, TN


Sunday June 24th

 

Big Ring Cycles Demo Days

Golden

Join Big Ring Cycles, Rocky Mountain Bicycles, Shimano and Bike-a-Latte at New Terrain Brewery and test drive great new bikes out on the trails at North Table Mountain from 8am-noon on Sunday, June 24th! Check out new shoes by Pearl Izumi, New Terrain’s food truck – J-Street, New Terrain Brewery


Bicycle Tour of Colorado

Leadville and beyond


John Stenner Memorial TT

Keensburg


Mavic Haute Route Rockies

Boulder to Colorado Springs – the long way


Colorado Bike MS

Westminster – Ft. Collins


Grintas Cycling Retreat

Steamboat Springs


BME Series: Crested Butte

Crested Butte


VIDA Mtb Clinic: Trestle Bike Park

Winter Park


Crested Butte Bike Week

Crested Butte


USAC Pro Road, ITT & Criterium National Championships

Knoxville, TN

Weekend Preview: 38th Annual Longmont Triathlon

Triathlon Events

Saturday June 2nd

 

Colorado Triathlon – SOLD OUT

Boulder


14th Annual Longmont Kids Triathlon & Try-a-Tri

Longmont


Little Bellas MTB Camp

Lakewood


FoCo Kids Triathlon

Ft. Collins


Grant Ranch OWS

Lakewood


Sunday June 3rd

 

38th Annual Longmont Triathlon

Longmont


Boulder.Bike.Bolder,: Rachel Joyce & Dana Platin Bike Clinic

Boulder


9th Annual Beti Bike Bash

Lakewood


Little Bellas MTB Clinic

Lakewood


Grant Ranch OWS

Lakewood



Cycling Events

Saturday June 2nd

 

Palisade Gran Fondo

Palisade


Colorado Bike Expo @ ERock

Castle Rock


Beti Bike Bash

Lakewood


ERock Sunrise Sunset

Castle Rock


20th Annual Buena Vista Bike Fest

Buena Vista


47th Annual Fred Prindle Memorial City park Criterium

Denver


Firebird XC

Eagle


Burning Can Fest

Lyons


Little Bella MTB Camp

Lakewood


BVV Saturday Sprints

Erie


Dirty Kanza

Emporia, KS


Sunday June 3rd

 

Guanella Pass Hill Climb & Gran Fondo

Georgetown


Grand Enduro

Grand Junction


Little Bella MTB Camp

Lakewood


9th Annual Beti Bike Bash

Lakewood


Elephant Rock ride

Castle Rock


Colorado Bike Expo @ ERock

Castle Rock

 

Weekend Preview: Hoping for Warm

Triathon Events

Saturday May 19th

 

Summer OPEN Sprint Triathlon

Longmont


Sunday May 20th

 

IRONMAN Team Colorado Training Ride

Boulder


Braver.Bolder.Stronger. Swim Clinic with Rachel Joyce & Dana Platin

Boulder


Tri the Rock

Castle Rock



Cycling Events

Thursday May 17th

Big Ring Cycles Grand Re-Opening

Golden

After months of remodeling, we’re looking forward to our updated space and a weekend long celebration. Please plan to join us! We’ll be riding, testing out e-bikes, selecting an official Big Ring Cycles Cocktail and more!  Check out the great events all weekend!


Friday May 18th

 

 

Big Ring Cycles Grand Re-Opening

Golden


2nd Annual Crank It Forward Gala

Denver


Grand Junction Off-Road

Grand Junction


RMRS: Pajarito Mountain

Los Alamos, NM


Saturday May 19th

 

Big Ring Cycles Grand Re-Opening

Golden


 

Robidioux Quick & Dirty

Scotts Bluff, NE

 

This is a 75 mile gravel race held in Scotts Bluff County, Nebraska, and is run through the heart of the Wildcat Hills.  You can race it and gather a cash prize, or you can take your time and make it an adventure ride.


Superior Morgul TT & TTT

Superior


Grand Junction Off-Road

Grand Junction


90k/160k Pony Xpress Gravel

Trinidad


Battle the Bear

Lakewood


24th Annual Ride for the Pass

Aspen


Elite MTB Class


RMRS: Pajarito Mountain

Los Alamos, NM


Sunday May 20th

 

Big Ring Cycles Grand Re-Opening

Golden


Superior Morgul Road Race

Superior


McKee Classic Bike Tour

Loveland


Sante Fe Century

Santa Fe, NM

 


Grand Junction Off-Road

Grand Junction


RMRS: Pajarito Mountain

Los Alamos, NM


Elite MTB Class

Denver


 

BRAVER BOLDER STRONGER. Triathlon workshops designed by women for women.

Join 303Triathlon‘s Bill Plock with Rachel Joyce and Dana Platin via Facebook Live from TriBella on Thursday, May 10th at 10:45am (MDT).

PRESS RELEASE – MAY 7, 2018
BRAVER BOLDER STRONGER. Triathlon workshops designed by women for women.

Boulder, Colorado USA: Rachel Joyce, professional triathlete; 2017 IRONMAN Boulder Champion, and Dana Platin, leadership coach and founder of The Warmi Project, are collaborating on an innovative local workshop series. Each workshop offers a unique blend of practical triathlon skills and mental tools designed to have an immediate benefit on performance. The series will take place at the University of Colorado, Boulder Recreation Center and single workshop registration is available:

Swim Braver Workshop: Sunday May 20 10:00am-3:00pm
Bike Bolder Workshop: Sunday June 3 10:00am-3:00pm
Run Stronger Workshop: Sunday June 24 10:00am-3:00pm

The Swim Braver session will develop the ability to squash the inner critic and lead with a BRAVER self-mentor both on and off the race course. The Bike Bolder session will progress the courage needed to push the comfort zone in order to fear less, take calculated risks, and move BOLDER through life. The Run Stronger session will explore the top three strategies to crush
goals to run STRONGER in life.

“Since transitioning from the corporate world to professional triathlon in 2005, I have learned a huge amount about swimming, biking and running,” said Rachel Joyce. “I understand how the development of everyday skills are essential to truly showcase fitness in the triathlon arena. I am excited to share my experiences through the Braver Bolder Stronger workshops and to be partnering with Dana Platin. Dana’s depth of knowledge and women’s leadership portfolio emphasizes the relevance of mental tools, which is often the missing piece of the jigsaw.”

“Human Interest Group is proud to support this engaging workshop series,” said Heather Nocickis, “Rachel and Dana have created a relevant, effective content program based on their respective paths to success. The result of their vision for women’s leadership is a blueprint that builds confidence and drives change, empowering others to break through barriers – in sport or in the corporate arena.”

“As a passionate, avid athlete, I use my participation in triathlons, cycling, and mountaineering as a way to set personal goals that push my limits beyond what I thought was possible,” says Dana Platin. “Personal triumphs and setbacks have taught me about gratitude, grit, and grace. My 20-years in leadership development, training, and program management are lessons learned for other women aspiring to crush their fear to accomplish their goals. I am thrilled to
partner with Rachel Joyce on this powerful experience that uses the journey of triathlon to tap into that braver, bolder, stronger version of ourselves.”

Each workshop will kick off with a challenging physical component. The swim/bike/run training sessions will be coached by Rachel, instructing on technique and key skills specific to triathlon, such as open water sighting and adapting swim strokes for different conditions; climbing and descending proficiency on the bike; and, finishing with a strong run in the final leg of a triathlon.

This will be followed by lunch and refreshments. Dana will advance discussion during the afternoon sessions, further examining potential barriers to empowerment and those tools and choices that contribute to success and define what braver, bolder, stronger means for women’s leadership and participation.

About Braver Bolder Stronger: Braver Bolder Stronger Workshops is a partnership between Rachel Joyce, Dana Platin and The Human Interest Group. For more details and event registration, click HERE.

Media Enquiries: The Human Interest Group
Heather Novickis email: heather@humaninterestgroup.org
Phone: 303.517.0624

Parking for Workshops
The workshops will take place at CU Student Recreation Center, located at 1855 Pleasant Street in Boulder, CO. We recommend parking at Lot 169 (free parking on weekends) or the Folsom Field Parking Garage (paid parking) as shown here.

Rachel Joyce & Dana Platin Run Clinic

Boulder

 

Run Stronger: Hit your targets, personal best and stand on the podium of life

Running: it’s as simple as putting one foot in front of another.  We all know it doesn’t always feel that easy.

 

Full Clinic series:

Swim Braver May 20th

Bike Bolder June 3rd

Run Stronger June 24th

 

Do one workshop for $149 or all 3 for $399

For more details and registration please email braveboldstrong@gmail.com

Rachel Joyce & Dana Platin Bike Clinic

Boulder

Bike Bolder : Become more assertive ascending and descending on the bike, expand your comfort zone, live in your courage zone.

 

Skill and technique are often overlooked on the bike in favor of finding fitness and hammering out the miles.  this workshop is designed to maximize your fitness with a focus on cornering, climbing and descending.

Full Clinic series:

Swim Braver May 20th

Bike Bolder June 3rd

Run Stronger June 24th

 

Do one workshop for $149 or all 3 for $399

For more details and registration please email braveboldstrong@gmail.com

Rachel Joyce & Dana Platin Swim Clinic

Boulder

Swim Braver Clinic – Conquer fear, quiet your inner critic and lead with your inner mentor.

This clinic will focus on open water techniques and mental strategies to prepare you for the unique challenges that racing in open water presents.

Full Clinic series:

Swim Braver May 20th

Bike Bolder June 3rd

Run Stronger June 24th

 

Do one workshop for $149 or all 3 for $399

For more details and registration please email braveboldstrong@gmail.com