Posts mit dem Label Professional Triathletes Organisation werden angezeigt. Alle Posts anzeigen
Posts mit dem Label Professional Triathletes Organisation werden angezeigt. Alle Posts anzeigen

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 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.