***CrossFit vs. Anthos update***
As many of you know, CrossFit was under threat of a partial takeover from a private equity firm Anthos. Here is the latest.
From Coach Greg Glassman:
"As of yesterday morning I own 100% of CrossFit Inc. stock.
I want to thank my staff, our lawyers, the affiliates, and the entire CF community for rallying to our common defense.
This was a harrowing experience that pulled critical staff from their normal duties for six months and cost millions of dollars in legal fees.
Staffers not enjoined directly in the battle kept at the helm and grew the company to absorb all of our legal fees and we paid cash for the airplane. Today we stand in the best financial shape in company history."
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Posted by: Fred's blog | December 27, 2012 at 04:54 AM