TRI247
Search
shop

PTO chief on how they are ‘doubling down’ to take triathlon mainstream

"Hopefully in a couple of years the likes of Lucy Charles-Barclay will genuinely become household names."

News Director
Last updated -
SHOP

As 2023 comes to a close are the Professional Triathletes Organisation on track with their aims and ambitions for the sport and themselves?

There’s no doubt their PTO Tour races – three in 2022 and the same number this year – have galvanised the triathlon landscape by attracting the very best athletes to regularly race against each other for what, in triathlon terms, is huge prizemoney.

And now the IRONMAN Pro Series, which has been announced for 2024, appears a direct response and adds further significant money into the pool.

We’ll look in more detail early next year at the dynamics of the PTO, IRONMAN, World Triathlon and others co-existing in what’s likely to be a packed calendar.

But putting the spotlight purely on the PTO for now, can they not only take triathlon to a far wider audience but also deliver for Sir Michael Moritz and their other major investors?

Advertisement

‘We’re ahead of our investor metric’

We sat down with the PTO’s CEO Sam Renouf and one of the first questions we asked was how far are they from profitability – and what does he see as the key steps to getting there.

And he told us: “There is not a public path to profitability that we’ve shared, but we’re ahead of our investor metric is probably the best way of saying it. Our investors are very happy.

If anything, this is a double-down. And so the investors have been supportive of the journey that we’re taking.

“We think we really have shown over the last two years the potential that triathlon can go mainstream. It’s not an overnight thing. You can’t flick a switch.

“Look at road cycling in the UK – it was fairly niche before Sky doubled down on it. Five or six years of concentrated effort from various different parties, and cycling became mainstream. We think it’ll be a similar kind of journey and probably a similar kind of timeframe for us.”

‘It’s about doing more’

Just two PTO races have been announced so far for next season and their full schedule won’t be released until early 2024 but the expectation is for at least another four events in addition to Singapore and Ibiza, with Renouf adding: “This next year is an evolution of the plan in quite a big way. When we first started, we talked about creating an equivalent of the majors, which would only be four races.

“But we found quite quickly that the traction we were getting from media was that this can be a television sport, but for it to be truly valuable and get cut through, we need more volume. And so that’s why we’ve really evolved now into a sort of PTO 2.0 – it’s about doing more.

The PTO's CEO Sam Renouf
The PTO’s CEO Sam Renouf [Photo credit: PTO]

“We’re definitely further ahead than where I anticipated being with television and beginning to get the kind of traction with sponsorships that we’d like.”

Pivotal to that for Renouf is the broadcast product.

The coverage of the PTO races has stepped up again this year but he admits there’s still a long way to go, saying: “This is a fairly obvious point, but our competition isn’t Ironman, it isn’t Super League, it isn’t World Triathlon.

“Our competition genuinely is the likes of the ATP and the PGA, because when Warner Bros Discovery or CBC [who both partner with the PTO] are choosing which limited windows they give to what sport, that’s who we’re competing with.

That’s an incredibly high bar and we’re not there yet.

“But I think we’re showing the potential and that’s why the broadcasters are giving us the windows that we want.”

Creating household names

And the race coverage can’t be one-dimensional if it’s to make its mark, something Renouf agrees with: “It won’t truly be ready until we’ve got more robust biometrics and data and graphics which are live alongside the pictures – we think that second-screen environment is a really important part, which we’re making progress on.

“If we can get those kind of three pieces lined up, then we think this has got the potential to shine through, as indeed do our television partners, because some of them have become investors. Warner Bros is an investor and they’re helping us on that journey on almost a daily basis.”

Allied to all of which is the story telling aspect that the PTO and Renouf have felt is crucial from the outset.

More races in 2024 and beyond will only help with that as he acknowledges: “Give us a season-long narrative, and once we’ve got enough repetition with regular faces and names, that’s how we begin to get cut through.

“Hopefully, in a couple of years the likes of Lucy Charles-Barclay will genuinely become household names.”

Lucy Charles Barclay PTO European Open 2023 Ibiza photo credit PTO / James Mitchell
[Photo credit PTO / James Mitchell]
Jonathan Turner
Written by
Jonathan Turner
Jonathan Turner is News Director for both TRI247 and RUN247, and is accustomed to big-name interviews, breaking news stories and providing unrivalled coverage for endurance sports.  
Discover more
Sumarpo vanguard vs Zone 3 Vanquish X triathlon wetsuits
ZONE3 Vanquish X wetsuit vs Sumarpo Vanguard wetsuit – how do these triathlon wetsuits match up?
Essential Beginner's Triathlon Gear & KIt
Triathlon gear for beginners: essential kit for getting started
open water swimming Sumarpo wetsuit
How to improve swimming endurance – PRO tips to help you swim further in open water
sumarpo triathlon swimming wetsuit
Wetsuit buying guide – How to choose the best wetsuit for triathlon, open water swimming, SwimRun and cold water
Aviles Duathlon
What is a duathlon? Beginner’s guide to distances, training plans and kit
latest News
Alex Yee WTCS Pontevedra 2023
Olympic Games triathlon: British gold medal favourite Alex Yee warms up for Paris 2024 with another win
Hannah Berry took the win at IRONMAN Cairns in Queensland,
IRONMAN Cairns 2024 Results: Burton and Berry take Asia-Pacific titles as Skipper misses podium
Lucy Charles-Barclay IRONMAN World Championship Kona 2023 Finish
IRONMAN France 2024 results: Lucy Charles-Barclay validates World Championship spot with CRAZY run
Gustav Iden Kona athlete sign in 2022 photo credit Donald Miralle for IRONMAN
Gustav Iden shares heartfelt message after major milestone on the journey back to the top
Sam Long celebrates at the San Francisco T100.
Sam Long targeting two major T100 races after season break to resolve personal problems
triathlon on your terms
Never miss out with our triathlon alerts & digest. Get a dose of adventure & inspiration with Boundless.
Invalid email address
The SBRX Group

Proudly elevating endurance sports through content, products & services

SBRX
RUN247
GET RACE READY - SHOP WITH SBRX
GET RACE READY - BUY WITH SBRX
Share to...