Posts mit dem Label Collins Cup werden angezeigt. Alle Posts anzeigen
Posts mit dem Label Collins Cup werden angezeigt. Alle Posts anzeigen

Donnerstag, 19. März 2020

COVID-19 Response. Professional Triathletes Organisation (PTO) pays athletes $2,500,000, inaugural Collins Cup moves to 2021

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 been paid $5,000 each in a year-end bonus, but will now see that amount raised to $8,000, and men and women athletes ranked 51-100, who previously would have been paid $2,000 each in a year-end bonus, but will now see that amount raised to $5,000. Athletes will be paid based on their PTO World Ranking as of January 1 or March 15, whichever is higher.

During this period that the race schedule is disrupted, the top ten PTO World Ranked men and women athletes have committed to work together with the PTO to engage in appearances and online exhibitions and any revenue from these will be distributed to athletes ranked 20-100.

Rachel Joyce, Co-President of the PTO, commented, “The world finds itself in a difficult and almost unprecedented time. We appreciate that many people are struggling both physically and economically. For our athletes, like many others, the future is filled with uncertainty. With many races cancelled, the ability of our athletes to be able to race in the near future has been greatly reduced. The PTO has been looking for a way to support our athletes in this time of instability. We appreciate that many race operators and race directors are struggling with financial constraints and the PTO is fortunate to be in a position to be able to provide some support to our athletes. We hope that our response in paying athletes a total of $2,500,000 today will help them manage the immediate disruption they are experiencing. We are now looking to work with sponsors, governing bodies, race organisers and other groups in exploring additional opportunities to help alleviate the hardships that COVID-19 is causing to the triathlon community.”

Charles Adamo, Chairman of the PTO, stated that, “The actions taken by the PTO today are indicative of the way our athletes are viewed as valuable partners. Once events were being cancelled, the Crankstart Investments team immediately contacted us and wanted to find the best way to provide short-term support to the athletes. We will continue to monitor the ongoing impact and hope to be able to adopt additional programmes where athletes are not only supported, but also are able to provide support to others who may be struggling in this current environment. As an organisation, the PTO and its professional athletes will look to work with governing bodies, race directors, race organisers and our entire triathlon community to see how we are able to help.”

The PTO also has also announced that under the current circumstances, The Collins Cup, scheduled for May 30, will need to be postponed and will be rescheduled for 2021 at the x-bionic-sphere®. For THE CHAMPIONSHIP, scheduled for May 31, Challenge Family and the x-bionic-sphere are working closely with the local authorities to determine if the event should and can be rescheduled for a later 2020 date. Sam Renouf, CEO of the PTO, commented that, “Given the complex and innovative broadcast production we were going to deliver for The Collins Cup, it is just impossible to logistically have all the worldwide vendors and suppliers gearing-up in this uncertain environment and be able to hold The Collins Cup this year.”

Donnerstag, 20. Februar 2020

Professional Triathletes Organisation (PTO) Announces $2M Annual Bonus Programme, with Collins Cup whopping $4M purse

The Professional Triathletes Organisation today announced that it has adopted a $2,000,000 Annual Bonus Programme pursuant to which athletes will be paid based on their PTO World Rankings at the end of 2020. The bonus amounts range from $100,000 for the PTO World No. 1 male and female athletes, to $10,000 for the PTO World No. 20 male and female athletes. In addition, male and female athletes ranked at the end of the year between 21-50 shall each be paid $5,000 and those ranked between 51-100 shall be paid $2,000.

Rachel Joyce, Co-President of the PTO commented, “We are very pleased to be able to adopt an annual bonus programme that rewards athletes for outstanding performances throughout the year. The triathlon season is a long one and just because an athlete might have an off race in a large event, doesn’t mean that their year’s performance should go unrewarded.”

The PTO World Rankings is a first-of-its-kind ranking technology to measure the greatest non-drafting professional triathletes. It is a worldwide benchmark of consistent excellence in triathlon. In addition to being the basis for the PTO Annual Bonus Programme, it is used to determine automatic qualification spots for The Collins Cup.

Tim O’Donnell, Co-President of the PTO, stated, “The adoption of the PTO Annual Bonus Plan, together with the $2,000,000 payments at The Collins Cup, means that so far in 2020 the PTO will be paying 200 professional triathletes $4,000,000. We believe that this demonstrates the value and benefits of professionals being unified in our own organization and we hope that this is just the beginning of the many ways the PTO can bring not only a voice but meaningful contributions to our sport.”



Editor‘s note:

Together with the $2,000,000 prize purse from inaugural Collins Cup a new dimension in sport of triathlon is opened with contributions from PTO‘s support network around Billionaire Mike Moritz, who likely want to build a platform from the NBA, NFL, NHL league’s blueprint in the U.S. with various shareholders from different group of interests.

Dienstag, 21. Januar 2020

Professional Triathletes Organisation Announces Financial Partner And $2,000,000 Collins Cup

The Professional Triathletes Organisation today announced that it has partnered with Crankstart Investments, an investment vehicle for Michael Moritz, in establishing a platform for professional triathletes to begin to realise their goal of athlete self-determination. As a result of this partnership, the PTO is also announcing that The Collins Cup will be held from 29-30th May 2020 at the x-bionic® sphere, in Samorin, Slovakia, and there will be over $2,000,000 in prize money for the event.

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.”

Under its partnership, the PTO and Crankstart Investments share equally in all profits generated by operations. Michael Moritz, Chairman of Crankstart Investments, commented “The spread of the internet, the rise in the number of media outlets thirsty for top-notch sporting content, combined with the latest production techniques now make it possible to bring to international audiences the extraordinary accomplishments of today’s highest performing athletes – the top forty male and female triathletes in the world. A major part of the attraction of the PTO is that, unlike every other sport, men and women compete for equal prize money and the athletes are co-owners of the business. This means that all participants will share, on an equal footing, in the PTO’s collective success – a recipe that is a mainstay of the Silicon Valley investment model.”

Tim O’Donnell, Co-President of the PTO, commented “We are very pleased to be able to provide professional triathletes with the platform to put on display their tremendous athletic performances and make a difference in our sport. We are grateful for the confidence that Crankstart Investments and Michael Moritz have placed in us, and we appreciate that with this confidence comes great responsibility. As co-owners in this partnership, the PTO and its professional members are committed to not only making it a success, but also to being a contributor to the growth of the sport and the wider triathlon community. While arranging the investment, we were working behind the scenes and over 100 professional triathletes have become members of the PTO, including all of the top 35 men and top 35 women in the PTO World Rankings. Now that we have been able to make this announcement, we can invite all licenced professionals to become PTO Members. There are no costs or membership fees involved and any professional can find out more information by e-mailing us at membership[AT]protriathletes.org.”

North Point Advisors has acted as exclusive placement agent for the Professional Triathletes Organisation.

Professional Triathletes Organisation Announces The Inaugural Collins Cup With $2,000,000 Prize Purse

The 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.

USA vs. INTERNATIONSALS vs. EUROPE

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:

USA
Mark Allen
Karen Smyers

INTERNATIONALS
Craig Alexander
Simon Whitfield
Erin Baker
Lisa Bentley

EUROPE
Normann Stadler
Chrissie Wellington

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.”

Professional Triathletes Organisation Announces Selection Of Dave Scott As The Athleta Emeritus Honouree For Inaugural Collins Cup

The Professional Triathletes Organisation today announced that it has selected Dave Scott as the Athleta Emeritus Honouree for the inaugural Collins Cup. The Collins Cup is a Ryder Cup style triathlon event in which teams from the USA, Europe and the Internationals do battle to see who rules the world of triathlon. The Collins Cup is the flagship event for the Professional Triathletes Organisation, an association representing professional triathletes with a mission to celebrate the sport of triathlon.

The PTO has determined that each year the The Collins Cup race will honour an individual who has distinguished themselves in the sport of triathlon by recognising them as the Athleta Emeritus Honouree. For the inaugural Collins Cup, it has been decided that there would be no better person upon whom to bestow this honour than Dave Scott.

Tim O’Donnell, President of the PTO, commented “While we are deeply indebted to all the tremendous triathletes whose blood and sweat over many decades has paved the way for the PTO and The Collins Cup to become a reality, Dave was truly the progenitor of professional triathlon. In 1980, when, in his first IRONMAN® championship race in Hawaii, he cut nearly two hours off the previous record, he established standards of performance that would forever drive all triathletes, amateur and professional, to challenge limits thought impossible.  It is only fitting that the inaugural Collins Cup, the first ever event owned and operated by professional triathletes, pay tribute to Dave.”

It is nearly impossible to list all of Dave Scott’s accomplishments. The six-time IRONMAN® World Champion is known by the nickname “The Man” for his intense training regimens and his unrelenting race performances that created a record number of wins. Dave Scott is the Roger Bannister, Pele, Muhammad Ali, Michael Jordan and Jack Nicklaus of triathlon. His performances transcended what was ever thought possible.  On a full distance course, he was the first athlete to go under 11 hours, under 10:30, under 10:00, under 9:30, under 9:00 and under 8:30. He also was the first to go under 3:00 hours for the IRONMAN® marathon, the first under 2:55 and the first under 2:50.  He has spent a lifetime defining triathlon first as an athlete, then as a coach, including coaching European Collins Cup Captain, Chrissie Wellington.

Dave commented, “It is truly an honour to be named by the PTO as the Athleta Emeritus Honouree for the inaugural Collins Cup. I am thrilled to see the PTO come together. It has been 40 years in the making and I am very pleased to see today’s generation of professionals have their own organisation and a voice in the sport.  Given the $2,000,000 prize purse at The Collins Cup, I am very tempted to come out of retirement and attempt to qualify for the event myself.”

The Collins Cup is a unique new broadcast-friendly triathlon race which brings together the world’s greatest triathletes in a team competition to do battle to see who dominates the sport. Modelled on golf’s Ryder Cup, the format of USA vs. Europe vs. the Internationals will add a whole new level of competition and pure excitement to triathlon. The PTO will host the inaugural Collins Cup at the extraordinary x-bionic® sphere in Samorin, Western Slovakia on 29-30th May 2020.