Tough Mudder calls in administrators after sale stalemate

Tough Mudder, the obstacle race company, has called in administrators after a row between its co-founders Will Dean and Guy Livingstone and its largest lender Active Networks.

Michael Solomons and Andrew Pear of BM Advisory have been appointed administrators of Tough Mudder with both the US and UK arms the subject of bankruptcy proceedings.

Dean and Livingstone were accused earlier this month of holding out for a larger share of a proposed sale to Spartan Race.

The administrators are continuing to trade the business with a view to selling the business and assets, including its wholly owned German subsidiary, Tough Mudder GmbH, as a going concern.

Meanwhile, Spartan Race has provided funds for the company to continue trading while Giles Chater and Kyle McLaughlin, formerly of the Tough Mudder management team to run the firm until the firm is sold.

Ticket sales for future events are planned to re-open this week.

Solomon said: “Tough Mudder has a very strong brand and presence in the obstacle race industry. I am confident that a sale of the business will be achieved shortly and envisage that a purchaser will move forward with plans to deliver all existing events in the 2020 European calendar.”

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