Nine has confirmed it will no longer continue with some of its smaller sporting events as part of the latest restructuring of theformer publishing empires assets.
The $31 million sale to endurance sports company, The IRONMAN Group, include events like The Sun-Herald City2Surf presented by Westpac, The Sydney Morning Herald Half Marathon, Carmans Womens Fun Run, Melbourne Corporate Triathlon and Spring Cycle.
The IRONMAN group already operates a global portfolio of eventsin Australia such as the Blue Mountains ultra trail race and Noosas Runaway marathon.
It is expected that around half of the employees within Nines division will move with the sale, but, Nines publications will still continue to have an ongoing relationship with their respec…
Read the full article at: https://ministryofsport.com.au/nine-parts-with-sporting-events-amid-restructuring-of-assets/