Friday, February 25, 2011

“$10 million Quiznos-race investment meant to ensure longevity”

“$10 million Quiznos-race investment meant to ensure longevity”


$10 million Quiznos-race investment meant to ensure longevity

Posted: 25 Feb 2011 10:58 AM PST

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Colorado investors Rick and Richard Schaden have  announced they are investing $10 million into the Quiznos Pro Challenge bike race, The Denver Post reports.

The 20-year majority shareholders of Quiznos and founders of Denver's Consumer Capital Partners said the investment ensures the race will have the financial backing to ensure it will "be around for a long time."

Organizers also said television deals are being sought to deliver live coverage of the event. A formal announcement of the TV deal should come in the next couple of weeks.

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“$10 million Quiznos-race investment meant to ensure longevity” Reviewed by myworld on Friday, February 25, 2011 Rating: 4.5

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