• Loading stock data...
Monday, June 16, 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

MLB Balls Are ‘Different’ This Season, per Andrew McCutchen

Scoring is down a touch across the league this season.

USMNT–Pulisic Drama Hits Gold Cup as FIFA’s Club World Cup Looms

The Gold Cup is being played at the same time as FIFA’s Club World Cup.

NBA Offseason Begins During Finals As Magic Trade Huge Package For Bane

Orlando is sending four first-round picks to Memphis for the star guard.

Featured Today

Dec 5, 2024; Miami, FL, USA; FIFA president Gianni Infantino presents the FIFA Club World Cup trophy during the Club Word Cup draw at Telemundo Studios.

Revamped Club World Cup Is FIFA’s Billion-Dollar Gamble

The revamped soccer event debuts amid controversy.
Jun 10, 2025; Nashville, Tennessee, USA; United States head coach Mauricio Pochettino stands during the anthem against the Switzerland during the first at Geodis Park
June 14, 2025

Gold Cup Is Complicated for USMNT—but U.S. Soccer Has Its Eyes on..

Uncertain tournament success isn’t fazing forward-looking U.S. soccer.
Jan 24, 2017; Davidson, NC, USA; The Davidson Wildcats student section cheers during the first half against the Duquesne Dukes at McKillop Court at John M. Belk Arena. Davidson defeated Duquesne 74-60.
June 6, 2025

Every College Wants a Flashy Basketball GM Hire Right Now

The role is more important than ever, and the definition is ever-evolving.
August 31, 2024; Columbus, Ohio, USA; The Goodyear blimp flies over Ohio Stadium during the first half of Saturday’s NCAA Division I football game between the Akron Zips and the Ohio State Buckeyes.
June 6, 2025

Why the Goodyear Blimp Is at Every Major Sports Event

The airship wasn’t built to cover sports. Now it’s a regular presence.
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

Ted Leonsis unpacks basketball’s global rise, media rights, and portfolio ownership.
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.