780,000 euros in liabilities
Cycling company of Tyrolean celebrities slips into bankruptcy
The Innsbruck-based cycling company of former top athletes Thomas Rohregger and Patrick Ortlieb and managing director Markus Mitterrutzner, formerly a Signa manager, has slipped into bankruptcy. The liabilities amounted to around 780,000 euros. It is still unclear what will happen next.
According to the Credit Protection Association of 1870, insolvency proceedings were opened on Wednesday at Innsbruck Regional Court for the assets of Innsbruck-based Masterpiece Bike & Sport GmbH, which is behind the "Podio Bikes & More" store on Grabenweg.
Ortlieb, Rohregger and Mitterrutzner
The company, which was founded in 2021 and sells bicycles and offers repairs, is backed by prominent names: According to the report, former Olympic ski champion and world champion Patrick Ortlieb and ex-professional cyclist Thomas Rohregger were among the shareholders. The previous managing director was Markus Mitterrutzner, who was briefly FPÖ federal managing director in the early 2000s and later worked for the insolvent Signa Group. Other shareholders are a company called RedHead Gmbh from Switzerland and Masterpiece, Communication & Events GmbH.
Restructuring is being sought
The application to open insolvency proceedings was filed by the company itself, it was reported. The credit protection agencies have not yet received any verified information about the reasons. It remains to be seen whether operations can be continued. According to KSV 1870, the management is aiming to restructure the company.
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