Ironman Sold (breaking news)

Breaking news

Providence Private Equity and the World Triathlon Corporation, the owners of
> the Ironman, recently agreed to talking points on an agreement between the
> two groups. Providence is one of the world’s largest private equity firms
> and their portfolio includes, among others, Warner Music, Metro- Goldwyn
> Meyer and the Yankees Entertainment and Sports (YES) Network. The new entity
> will be called World Endurance Holdings and the Ironman offices will move in
> the near future from Tarpon Springs, Florida to Tampa. Ben Fertic, the
> current President of WTC, will become the CEO and President of World
> Endurance Holdings. This was an all equity transaction and no terms were
> disclosed.