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Final up to date on March twelfth, 2025
CrossFit LLC introduced on Wednesday, March 12, that the corporate is formally up on the market, simply days forward of the ultimate week of the 2025 CrossFit Open.
The gross sales course of is presently underway, in keeping with an electronic mail to affiliate house owners acquired by the Morning Chalk Up.
Remind me: The present proprietor of CrossFit LLC is Berkshire Companions, which bought the corporate again in 2020.
The game of CrossFit, particularly as a model, has confronted scrutiny because the tragic dying of Lazar Ðukić on the 2024 CrossFit Video games. The sale of the corporate was one thing folks had mentioned as a risk, however it has not been confirmed till now.
- “Our goal is to seek out the fitting accomplice—one with a connection to our group, an appreciation for our affiliate enterprise mannequin, and the fervour and imaginative and prescient to steer us into the longer term,” CrossFit CEO Don Faul mentioned in an electronic mail to associates.
Faul added that CrossFit will probably be working with Moelis & Firm to assist assessment a variety of potential patrons.
- “These processes take time and we gained’t have the ability to share particulars till its completion. Within the meantime, there will probably be no modifications to how we function and work collectively,” Faul mentioned.
There will probably be an affiliate city corridor on Thursday, March 13, at 9 a.m. PT/ 12 p.m. ET.
- Directions on tips on how to register will be discovered within the electronic mail.
Faul concluded the announcement by saying he plans to be closely concerned within the course of.
Presently, the group can count on no modifications to how they function and haven’t any additional particulars to share at the moment.
Learn the complete assertion here.
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Featured picture: Mike Halpin