19 Dec California Investor Backs TeamTrak
San Francisco, December 19, 2018: The World Cycling League and TeamTrak, its innovative track racing format, got a year-end boost from an undisclosed individual who has made a significant six-figure investment to join WCL’s ownership team.
“This is great news and proves that there is a growing appetite for presenting track cycling in a modern, fan-friendly league format,” said WCL/TeamTrak CEO, David Chauner. “Our new partner, who prefers to remain anonymous at this point, is both a business professional and longtime cycling fan who first came to us with interest in developing an indoor velodrome in the San Francisco Bay area. By investing in the league, he will benefit from the progress we are making with WCL indoor velodromes in Southeast Pennsylvania and New Haven.”
As a new league owner, he has also secured regional owner operator rights to one of TeamTrak’s first six league teams that will be formed to coincide with the launch of TeamTrak’s first season in 2019/2020 at several appropriate indoor velodromes around the world.
Named the Bay Area Mayhem, the team will join the Connecticut Nor’Easters and Pennsylvania Lightning as one of TeamTrak’s first three league-owned teams.
Rick Mayer, WCL’s principal investor to date and owner operator of the Connecticut Nor’Easters believes that investment in the league is sure to drive more interest in developing WCL’s new model for indoor velodromes around the country. “In addition to our new partner in California, we have several parties from other cities who have contacted us about league ownership and indoor velodrome development. We have done substantial research to create designs and operating models for sustainable indoor velodromes that double as multi-use arenas that can work well in many markets,” Mayer said.
Founded on the mission of “bringing the best elements of successful modern sports and business to track cycling”, the WCL’s TeamTrak is designed as a fan-friendly entertainment format and league structure based on 2.5 hour meets among six region-based teams of four men and four women per team that can provide sustainable programming to new and existing indoor velodromes around the world. For more information on the WCL and TeamTrak, visit: https://worldcyclingleague.com/wcl-teamtrak-format.
TeamTrak is engaged in a $5 Million capital raise led by Park Lane, a Los Angeles based investment banking firm. http://www.prkln.com/aboutus
Smaller investors can participate in TeamTrak’s equity crowdfunding campaign for as little as $200 by visiting https://www.startengine.com/world-cycling-league-llc