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MountainBikeReview.com's Forum Archives - - Passion -
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24 Hours of Adrenaline, Trilife, Bankrupt (6 posts)
|  24 Hours of Adrenaline, Trilife, Bankrupt | Ricksom
Jan 14, 2004 2:30 PM | | The famous owners of the 24 Hours of Adrenaline, Trilife, are bankrupt (as at the end of December). But wait a minute, they have come back as Twenty4Sports Inc. What's with that!
Unfortunately, they have lost their 2 venues in Ontario, especially their flagship event at Hardwood Hills.
The good news is that Chico Racing is taking over the event! |
| re: 24 Hours of Adrenaline, Trilife, Bankrupt | islander
Jan 14, 2004 2:51 PM | | I don't work for either company, but how much do you know about this matter. Don't you think its a little premature to post this statement?? |
| I heard the same thing a couple months ago... | Skinny-Tire
Jan 14, 2004 2:58 PM | | but just got a note from them last week. They did cancel some races, and added others (two Idylwild races), so they are at least still operating. |
| re: 24 Hours of Adrenaline, Trilife, Bankrupt | Ricksom
Jan 15, 2004 6:51 AM | | Trilife, a Canadian company based in Toronto (where I live), is no longer and had put up its assets for public bid. The owners set up another company, called Twenty4Hours Inc., and repurchased the assets of Trilife for cheap (out bidding all others). Of course, their original vendors are pissed off with them for escaping debt, so time will tell how well they survive. As a result, Hardwood and Kelso will no longer do business with them as a site for their venues.
All this has been posted as news releases on various web sites, including the Canadian Cycling Association website. |
| I hope Monterey is still on | pimpbot
Jan 14, 2004 4:31 PM | | that was going to be my first 24.
A bud of mine keeps saying "how can they go bankrupt when they charge so much frickin dough?!?"
I have no idea where their dough goes, but it can't be cheap running those events. |
| just remember | Yeti_Rider
Jan 14, 2004 7:19 PM | | bankruptcy does not equal out of business.
plenty of companies have filed for bankrupcy protection while restructuring debt and continue to operate AND thrive once restructured.
Not saying that Trilife has made some of the smartest business moves (I.E. two freaking races at the same venue in the same year while one is on the same freaking weekend as a Granny Gear race) but only time will tell if they still can continue to operate. |
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