Your Saturday Daily News Digest

by Shane Stokes

June 3, 2017

In today’s edition of the CyclingTips Daily News Digest: Van Avermaet wins stage two of Skoda Tour of Luxembourg, Drucker holds race lead; Resurgent Betancur ensures Movistar comes out best on day one of Hammer Series Limburg; Prologue winner Le Bon takes stage one of the Boucles de la Mayenne; Despite quiet season, Froome confident ahead of Dauphiné; Former race winner Talansky spearheads Cannondale-Drapac in Critérium du Dauphiné; Martin the designated leader of Quick Step Floors team at the Critérium du Dauphiné; Cannondale-Drapac team plays down talk title sponsor is leaving; Laws speaks about living, and riding, with cancer; Critérium du Dauphiné set to race Alpe d’Huez from a new direction; Blythe says he was forced to apologise to dangerous driver; Ultracycling legend Mike Hall’s ashes being transported on poignant final journey; Lucy Kennedy awarded twelfth Amy Gillett Cycling Scholarship; Wanda Sport’s Ironman further expands cycling involvement with purchase of Competitor Group Holdings; Video: JLT Condor Pro Cycling Team; Video: onboard graphics from the Hammer Series

Wanda Sport’s Ironman further expands cycling involvement with purchase of Competitor Group Holdings

by VeloClub

The Wanda Sports group has further increased its involvement in cycling and sports in general, with its Ironman company acquiring 100% of Competitor Group Holdings, Inc. (CGI). Wanda is the owner of Infront Sports and Media, which is co-organiser of the new Hammer Series and has a stake in the Tour de Suisse.

In January 2016, Ironman purchased the endurance-sports division of Lagardère Sports, which owns the Hamburg Cyclassics race and a series of sportive events. Ironman’s road cycling events include the UCI Velothon Majors Series and mountain bike races such as the Absa Cape Epic.

Now Ironman’s acquisition of CGI will see it further expand into sports such as cycling and running. CGI’s portfolio includes the online and print publication VeloNews.

“This is an important step in the growth Ironman has seen over the last decade,” said Andrew Messick, Chief Executive Officer for the company. “As a globally recognized endurance brand, the acquisition of the world’s largest running platform puts us in an exciting position for the future growth of running worldwide. The ability to help globalize the successful Rock ‘n’ Roll Marathon Series brings about many opportunities to demonstrate our leadership in this industry.”