iron_mike wrote:
hadn't thought of that, but it's a fair point. i love tri and have been racing since i was a kid, but i just can't justify the trip to a place like (for instance) aus/nz for a world's event.
on the other hand, it does further muddy the waters for me on what exactly the PTO's purpose is. race series? federation? athlete's union? promoter? media company?
Conscious that this conversation ought to be in the PTO thread but I’ll reply here anyway!
Seems obvious that their purpose & strategy has changed over time (which in itself seems to get some folks on ST very exercised!), with arguably the consistent bit being their belief in the idea that triathletes are amongst the best athletes in sport and hence have the potential to support a broadcast product at a revenue level that will in turn support decent income for the athletes (with enough left over for a return for investors). Plenty of people doubt that model but I think that’s the game.
They’re certainly not a federation (their partnering with WT pretty much defines this point). They seem to have moved away from trying to be a union (indeed I think it would make more sense for the athletes to form a union/representative body separate to all other orgs in the sport, in order to represent their interests objectively and without conflicts … I understand that’s been tried and failed several times in the past but if there is more money at stake in the future then there will be a stronger incentive for the athletes to get organised) - and seem to have morphed that element into having athlete committees which have a say in some decisions (and iirc the PTO is structured in such a way that a proportion of future profits could flow to member athletes but I’d have to remind myself about that element).
I think the AG element to what they are doing is essentially only a means to provide atmosphere/community/spectators around their pro races (which probably helps the broadcast product) - and if that’s the case it makes sense for them to partner alongside existing events/expertise rather than becoming race organisers themselves (at least in the short term - they have a longer term strategic option to buy out the races they partner with).
Anyway, that’s how it all seems to me, very much from the outside looking in and just reading their media output!