View Single Post
Old 07-04-20, 11:29 AM
Bah Humbug
serious cyclist
Bah Humbug's Avatar
Join Date: Apr 2009
Location: Austin
Posts: 17,468

Bikes: S1, R2, P2

Mentioned: 115 Post(s)
Tagged: 1 Thread(s)
Quoted: 6902 Post(s)
Liked 2,160 Times in 1,155 Posts
Originally Posted by WhyFi View Post
Ouch. I didn't realize that entry fees were that steep.
They slowly ramped it up over the years, in excess of inflation. Their core market of men born before 1980 kept being able to pay it, so it didn't hurt yet. But there's a reason that after owning and milking it for years, Providence Equity Group sold it to Wanda a few years ago, and Wanda then sold it to Advance a few months ago PEG sold it when it was at its peak and knew that the growth was over.
Bah Humbug is offline