• Loading stock data...
Thursday, July 31, 2025
Tuned In returns to NYC on September 16. Hear from the biggest names in sports media. Click here to get your spot

Olympics Gym Supplier Done Offloading Shares After $550M Sale

  • Nerio Alessandri has about a third of his $1.3 billion wealth in Technogym stock as of Jan. 13.
  • In 2008, he sold a 40% stake in the gym equipment company to now-defunct Candover Investments.
Technogym

The billionaire owner of a tech-focused gym equipment brand won’t be selling shares anytime soon. 

Technogym owner Nerio Alessandri has offloaded roughly $550 million of the company’s stock in the past six years to rebalance his wealth but has halted any future plans to sell more shares. 

“We have the control of Technogym, and we have diversification at the same time,” said Alessandri.

  • Alessandri has about a third of his $1.3 billion wealth in Technogym stock as of Jan. 13. 
  • Before the share sales, Alessandri had invested over 60% of his fortune in the company. 
  • In 2008, he sold a 40% stake in Technogym to now-defunct Candover Investments

Technogym has solidified its footprint in sports as the official gym equipment supplier of the last eight Olympics, but the company continues to expand its reach. It has been named a supplier for this year’s Nitto ATP Finals and the San Paolo Next Gen ATP Finals

Twenty-eight of the 2022 World Cup’s 32 teams used Technogym equipment.

Turf strip and lifting machines inside of luxury hotel gym

Fitness Hotels Offer New Option for Luxury Travel

Siro will be the latest luxury company to create a fitness hotel.
November 30, 2022

B-2-B Bounceback

Known as one of the first gym equipment brands to integrate a heart-rate monitoring system, Technogym benefited from a lateral fitness equipment market that reached $5.8 billion in 2021. 

Technogym generated $540 million in revenue for the first nine months of 2022, compared to $460 million for the same period the year prior.

The company profited from strong business-to-business sales, which reached $412 million during the period — a 30% increase year-over-year.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jul 26, 2025; Minneapolis, Minnesota, USA; Minnesota Twins shortstop Carlos Correa (4) walks to the dugout after the ninth inning against the Washington Nationals at Target Field.

MLB’s Biggest Buyers in Frantic Deadline Weren’t Top Markets

Teams besides the Dodgers, Mets, and Yankees dominate MLB’s trade deadline.
Happy Gilmore 2

Is ‘Happy Gilmore 2’ Really About LIV vs. PGA Tour?

The movie’s main plotline may sound familiar to many golf fans.
Bristol Motor Speedway

MLB’s Long Road to Its Most Unusual Game Yet

The special-event game features a unique blending of baseball and racing.
Apr 25, 2025; Minneapolis, Minnesota, USA; Los Angeles Lakers guard Luka Doncic (77) looks on against the Minnesota Timberwolves in the first half during game three of first round for the 2024 NBA Playoffs at Target Center.

Luka Dončić Eligible to Sign $229M Extension Saturday

Dončić can sign a four-year, $229 million extension on Aug. 2.

Featured Today

Las Vegas sign

College Sports Embracing Vegas After Years of Cold Shoulder

The Big Ten became the latest newcomer to Sin City.
2000, Jupiter, FL, USA; FILE PHOTO; Montreal Expos pitcher Hideki Irabu in action on the mound against the New York Mets at Roger Dean Stadium during Spring Training
July 28, 2025

Dead Sports Franchises Are Alive and Well on Twitter

The Expos, Sonics, and Whalers have active social media accounts.
Limited Hype
July 27, 2025

Sneaker Reselling Was Once Easy Money. Success Is Now Complicated

Vendors need to evolve what they’re selling and how they do it.
HAPPY GILMORE 2. BTS - (L to R) Adam Sandler as Happy Gilmore and Rory McIlroy as himself on the set of Happy Gilmore2.
July 26, 2025

‘Cool As Hell’: How ‘Happy Gilmore 2’ Hooked Golf’s Top Stars

The process was “cool as hell,” Adam Sandler tells FOS.
Sponsored

Win. Advance. Repeat: The Professional Fighters League’s Rise to Prominence 

As of 2025, PFL has introduced a World Tournament format, where every fighter must battle through a high-stakes bracket to reach a championship.
Sponsored

How On Location is Redefining the Olympic Winter Games Hospitality Experience

As the Olympic Winter Games Milano Cortina 2026 approaches, On Location—the Official Hospitality Provider—is redefining luxury hospitality.
The 2018 Ragin' Crossfit Games are held at Blackham Coliseum in Lafayette.
March 14, 2025

CrossFit for Sale After Years of Drama and Attrition

The intense fitness workout got popular in the early 2000s.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Sponsored

How On Location is Redefining the Olympic Winter Games Hospitality Experience

As the Olympic Winter Games Milano Cortina 2026 approaches, On Location—the Official Hospitality Provider—is redefining luxury hospitality.
Sponsored

The Surprising Ingredient That Can Improve Your VO2 Max

In the high-stakes world of sports, VO2 max—or maximum oxygen consumption—has emerged as a critical marker of endurance and performance.
Peloton Bike
October 31, 2024

Peloton Earnings Beat Expectations As It Still Loses Subscribers

Peloton tapped Peter Stern, former Ford executive and cofounder of Apple Fitness+, to be its new CEO.
September 4, 2024

Under Armour Sells MapMyFitness Back to Founders 11 Years Later

The founders sold the tracking app to the apparel giant in 2013.