Wanda, plans to sell IRONMAN for 1.000 million dollars

The thing seems to be getting more and more interesting.

One more episode of “IRONMAN soap opera”, Where this time it seems that the owner of the IRONMAN franchise has put a price for the sale.

It has been worth 1.000 million, after the PTO will show you your purchase intention for the second time

The last time was last February 5, when the  PTO published on its website the intention of purchase of the IRONMAN franchise.

Although the website sportbusiness.com commented that I would not hold conversations with them due to the "lack of clarity and detail" provided, it now appears that an external group of consultants recommend it.

The key factor, IPO

Wanda Sports shares have fallen approximately 63% since its debut in New York in July 2019, reducing the company's market value to around $ 409 million-

With a total debt of approximately 968 million, the company has an enterprise value of 1.2 billion, according to Bloomberg.

Now the company works with a consulting agency and it seems that it has already had conversations with several private equity buyers.

According to the website trinews.atWanda Sports is ready to sell IRONMAN for about $ 1 billion.

The offer of the PTO, "not conducive"

Wanda Sports described last year's offer by the Organization of Professional Triathletes of buying IRONMAN as not conducive to the sales process and additional investments in IRONMAN.

If the offer is not sufficiently well supported, the sale could still be canceled.

There are no previous results.

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