Navy Federal Credit Union has filed an Opposition To Chapter 11 Trustee Motions To Sell Assets Free And Clear And Approve Assumption Of Certain Contract that could stop Spartan's Tough Mudder takeover
This is a request to the court-appointed trustee of Tough Mudder Incorporated for Spartan to purchase all Tough Mudder assets. A meeting with the trustee in court is scheduled for 2/25 to approve or refute the sale, with an objection deadline set for Thursday, February 20 at 4:00 pm ET.The purchase price is approximately $700,000 plus the clearing of all TM debt (estimated at 7.5 to 10 million)
12-City Monster Hydro Stadium Blitz OCR Championship Series to Launch February 8, Concludes with Championship Event in October DALLAS, Jan. 30, 2020 /PRNewswire/ -- Officials at Monster Energy Co. (NASDAQ: MNST) and Stadium Blitz announced a title partnership for the newly-revamped Monster Hydro Stadium Blitz OCR Championship Series. The inaugural tour will come to 12 cities, visiting a combination of [...]
Tough Mudder Inc. has been directed by the United States Bankruptcy Court in Delaware to immediately appoint a Chapter 11 Trustee to manage the operations of Tough Mudder and either facilitate the restructuring of TMI's operations or develop a sale strategy.
January 10, 2020 - Platinum Rig announces the 2020 PLATINUM RIG OBSTACLE RELAY RACE WORLD CHAMPIONSHIPS taking place on August 1-2, 2020 in the United States. Platinum Rig Events is sparing no expense in order to offer the most innovative World Class Obstacle Race of 2020. This event was created to cater to the top-tier [...]
On January 7, 2020 (the “Involuntary Petition Date”), the Petitioning Creditors filed an involuntary petition under chapter 11 of the Bankruptcy Code against each Alleged Debtor (editor's note: Tough Mudder, Inc.). On that same date, the Petitioning Creditors filed the Motion to Appoint Trustee.
Former TM CEO, Kyle McLaughlin, broke the silence that he has maintained since he left Tough Mudder on 12/20/19 and posted in the Tough Mudder Community Facebook group to "clarify a few things & share a few thanks and thoughts."
Without money coming in through additional investment or outside acquisition and no event registrations, something drastic would have to happen - extremely soon - for Tough Mudder to exist in 2020.
Fondue of Fun? Ooey-Gooey Goodness? How do you describe an awesome 5k / 5k with chocolate bars mid-race and a bowl of hot chocolate and chocolate-dipping sweetness at the end?