Tour de France Reportedly Buys Rock ‘n’ Roll Series
A number of off-the-record running-industry sources are reporting the same rumor--that the Competitor Group, including the Rock 'n' Roll Marathon series, will be sold to the owners of the world-famous Tour de France bicycle race. Several of the sources have referenced a column published a week ago at RunTex.com by Bob Wischnia, a former Runner's World editor who now works for Mizuno.
The Tour de France is owned by the French company, Amaury Sport Organization, which also owns the Paris and Barcelona Marathons, as well as other bike races and L'equipe, the daily French-language sports newspaper. On its web site, the company says: "One of A.S.O.'s priority areas for growth is the organization of mass events open to the general public."
The Competitor Group, which includes magazines and bike events as well as marathons and half marathons, was created by venture capital company Falconhead Capital in 2008 to include the Rock 'n' Roll marathons and various media in the running, cycling, and triathlon worlds. Venture capital companies often hope to buy and sell a property in four to five years. Continue Reading here...