USA Pro Challenge owners back away from race, open doors for joint ownership model
The Denver Post
Rory Gallagher / Special to the Daily |
The Schaden family is relinquishing control of the USA Pro Challenge, giving hope to the future of the high-profile professional cycling race across Colorado.
With the Schadens stepping aside, race organizers now are pursuing a new ownership model: a large collection of community-based and national investors — not just a single family — that will give the race the long-term viability that draws even more investors, said race chief Shawn Hunter.
“People want to know there’s a plan for long-term success and they want to see a homegrown ownership group. Having more than one individual in charge is a good thing,” Hunter said. “I think there are a lot of people here in Colorado who will be a part of this group and some people on the national level who have watched what we have built and want to be a part of it. The goal is not just raising money. We want strategic investors who understand this opportunity and are willing to grow it.”
Read more: http://www.denverpost.com/business/ci_28900709/usa-pro-challenge-owners-give-up-race
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