FIS Rejects $420 Million Media Investment, Athletes Want FIS to Reconsider The International Ski and Snowboard Federation (FIS) recently received a proposal from CVC Capital Partners on November 30, according to an article by Fast Company. The proposal, titled “Project Snow,” offered an approximately $420 million investment in exchange for a 20% shareholding in the commercial rights to FIS’s snowboarding and skiing. This offer was rejected by the Federation days later in […] Industry News Quinn Brophy | December 21, 2024 0 Comments
Former Biathlon President Indicted On Corruption Charges Former President of the International Biathlon Union ‘IBU,’ Anders Besseberg, has been indicted by the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental Crime (Økokrim) on corruption charges. The accused supposedly accepted bribes through cars, watches, prostitutes, and hunting trips. Besseberg was president of the IBU from 1992-2018 and allegedly accepted bribes from the Russian delegation between 2009-2018 […] Industry News Julia Schneemann | April 17, 2023 0 Comments
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