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Yesterday, 3rd Feb 2020, the PTO made an open offer to Wanda Group to enter into discussions to acquire the IRONMAN® business from the Wanda Sports Group Company, with the offer backed by funding from by North Point Advisors.
Paraphrased, the PTO asserts that, “without our cooperation, [Wanda’s worldwide triathlon and mass participation business] would deteriorate.”
I asked a friend what they thought. My friend said if they read between the lines, that this sounded a little bit threatening.