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2020: Wanda Sports Group Co [NASDAQ:WSG], a China-based sports events company, today 26 March announced the sale of the Ironman Group, a Tampa, Florida-based triathlon business, to Advance Publications Inc, a privately-held New York City-based media company, in an all cash transaction at an enterprise value of $730m. [CDATA[*/Insticator.ad.loadAd("div-insticator-ad-1");Insticator.ad.loadAd("div-insticator-ad-2");Insticator.load("em",{id : "9079e35e-f6b4-4d3b-be66-a2ac36cc31bd"})/*]]>*/. The World Triathlon Corporation is a sports event promotion company owned by conglomerate Advance Publications, that produces the Ironman Triathlon, Ironman 70.3, the 5150 series of triathlon races, and other sports events. | 70.7°. “We remain confident in our future; our focus and objectives are unchanged; and we are ready to face the opportunities and challenges ahead,” Ironman President and Chief Executive Officer Andrew Messick said in a statement Thursday. Featured Stories. The organiser of Ironman sporting events has changed hands for $730 million, having postponed dozens of races this year because of the pandemic.Yesterday Advance Publications, which owns Condé Nast Η Wanda Sports Group ανακοίνωσε ότι έχει συνάψει οριστική συμφωνία αγοράς μετοχών με την Advance Publications για την πώληση της IRONMAN. Wanda Sports Sells Ironman To Advance Publications March 26, 2020. Sources said that the transaction "could value Ironman at more than" $700M. Advance Publications yesterday completed its acquisition of The IRONMAN Group from Wanda Sports, bringing a close to a deal announced just as the COVID-19 pandemic was beginning. Without spring practice, football coaches try to fill void, AP sources: MLBers keep service time in deal; draft may trim, Waikoloa development up for review: Council Planning Committee to hear rezoning application, An opportunity to give back: Drug court participant constructs, installs bench at Kona walking path, The Bright Side: The curious case of MAnon, FBI vetting Guard troops in DC amid fears of insider attack. Η Wanda Sports Group ανακοίνωσε ότι έχει συνάψει οριστική συμφωνία αγοράς μετοχών με την Advance Publications για την πώληση της IRONMAN. Advance is also among the largest shareholders in Charter Communications, Discovery and Reddit. Wanda Sports was advised by Credit Suisse Group AG and Reed Smith was its legal adviser, while Advance was advised by Bank of America Corp. and the law firm Sullivan & Cromwell LLP. The College of Nursing and Health Innovation. Vicki has a passion for womens’ fitness and has worked with clients of all ages and fitness goals. WTC owns "Ironman"−related trademarks. Nov 13, 2020 "The gift I received today was life changing for me and my family.” The other two are Infront Sports & Media and Wanda Sports (China). A member of the Providence Equity team who led the firm’s original investment in the brand in 2008, Jesse Du Bey, will participate in the deal through his growth-equity firm, Orkila Capital. Norway Raises Concern Over Vaccine Jabs for the Elderly, What to Know About Vaccine-Related Deaths, Allergies, Norway Moves to Calm Vaccine Anxiety After Elderly Deaths, Vaccine Disparities Raise Alarm as Covid Variants Multiply, U.S. Equity Futures Fluctuate, Dollar Edges Higher: Markets Wrap. “These athletes should be highly paid co-owners,” … The China-based Dalian Wanda Group paid $650 million to acquire World Triathlon Corporation — the Ironman organizing body — in 2015. 75-5580 Kuakini Highway, Kailua-Kona, HI 96740. Get the latest email updates about the coronavirus outbreak — it's FREE! Have a confidential tip for our reporters? The announcement, confirming an earlier Bloomberg News report, comes after dozens of Ironman events were postponed in response to the coronavirus pandemic that has canceled sporting events globally. Advance is also among the largest shareholders in Charter Communications, Discovery and Reddit. She began competing in 1993 in the NPC fitness division and ESPN Fitness series. Wanda Sports Group, a subsidiary of Chinese multinational conglomerate Wanda Group, announced on Friday it has reached a deal with American company Advance Publications to sell IRONMAN Group for 730 million U.S dollars.. IRONMAN was one of three core companies that formed Wanda Sports Group. While the competition side of sports has been put on hold for now, the business side continues, including the sale of the Ironman Group. She has been in various international fitness publications including Muscle and Fitness, Oxygen and Ironman. 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