• Loading stock data...
Wednesday, October 22, 2025

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

Jannik Sinner’s $6M Saudi Payday Tops Any Grand Slam Purse

The other five participants received $1.5 million.

NHL Raises Concerns Over 2026 Olympic Arena’s Delayed Construction

The commissioner says construction progress in Italy remains a deep concern.
Donald Trump

Trump Again Threatens to Move World Cup, Olympics

Trump claimed he could target Boston if he deemed the city unsafe.
Sep 5, 2025; Flushing, NY, USA; Carlos Alcaraz of Spain and Novak Djokovic of Serbia embraces after their match in the semifinal of the men’s singles at the US Open at Arthur Ashe Stadium in Billie Jean King National Tennis Center.

Six Kings Slam Returns With Record $6M Prize, Netflix Deal

The Six Kings Slam is held in Riyadh, Saudi Arabia.

Featured Today

Christie's

Lou Gehrig’s $4M Jersey and the Exploding Sports Memorabilia Market

An ultra-rare sports collection is about to hit the auction block.
@chef__tezz/Instagram
October 19, 2025

Inside the NFL’s Private Chef Network

Private chefs are the unsung architects of player performance.
October 18, 2025

How Vanderbilt Went From SEC Doormat to Dark Horse CFP Candidate

After beating LSU, Clark Lea said: “Internally, we expect to win.”
May 27, 2025; Indianapolis, Indiana, USA; Indiana Pacers guard T.J. McConnell (9) shoots a three point basket over New York Knicks guard Josh Hart (3) during the third quarter of game four of the eastern conference finals for the 2025 NBA Playoffs at Gainbridge Fieldhouse
October 18, 2025

NBA Stars Swap Wine With League Friends and Foes

A wine-exchange tradition emerged from the bubble season’s close quarters.
Sponsored

Trailblazer Cal Calamia Is Racing for ‘Advocacy, Storytelling, and Performance’

The marathoner wants excellence—not just inclusion—to be the goal for non-binary athletes.
Sponsored

‘Run With the Competition’: Ultra Trail Runner Lotti Brinks Is Back With..

Ultrarunner Lotti Brinks is ready to make her first Courmayeur-Champex-Chamonix podium in her HOKA Mafate 5s.
Sponsored

Top Esports Athletes Will Compete for National Glory in the Esports Nations..

The new biennial event, starting in 2026, kicks off a monumental next era for esports.
Sponsored

Michelle Wie West: Women’s Sports Doesn’t Need Charity

The LPGA legend on redefining women’s sports and the future of golf.
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.
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

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

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.