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Archive for the ‘Business news’ Category

The World Surf League is another step closer to grasping the reins of the renowned competition at Mavericks after a federal judge gave the green light and San Mateo County officials are slated to welcome them to Pillar Point Harbor.

The fate of the locally-beloved and internationally watched big wave event has been in turmoil since Cartel Management filed for bankruptcy in January, but the tumultuous seas could be calming. Despite two objections, a federal judge last week  …  More

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Any skier worth their road salt has dreamed of owning his or her own ski area. Seriously, who hasn’t imagined a day with no lift lines, no fancy ticket scanners and fresh tracks from daylight to twilight?

Then, of course, reality sets in, and we realize we don’t have an extra $50 million lying around to buy up our favorite ski hill.

But what if we could purchase our own slice of ski paradise … More

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According to The Mercury News, the World Surf League has purchased the Mavericks big-wave surf contest from Cartel Management in a $525,000 deal.

“The proposed sale was revealed in a motion filed this week by present owner Cartel Management in association with its debtors,” The Mercury News story states. “A hearing for the sale’s approval is scheduled Sept. 13.”

The sale must be approved by … More

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A major deal in the snow resort world that was agreed to in April was finalized on Monday, creating a new company that is now the owner of 12 snow resorts across North America.

According to The Los Angeles Times, the deal has seen private equity firm KSL Capital Partners, Aspen Skiing Co., Intrawest Resort Holdings and Mammoth Resorts all been brought together under one umbrella.

The yet-to-be-named entity now owns 20,000 acres of skiable land. The 12 resorts under its guise are   …  More

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