Post by Logan on Jan 29, 2016 5:10:04 GMT -6
Snowboarder Shaun White buys a minority stake in Mammoth Resorts
"The Flying Tomato" has gone from carving the slopes to owning them.
Olympic gold medal snowboarder Shaun White has taken a minority stake in the company that runs Mammoth Mountain and recently spent $38 million to buy Snow Summit and Bear Mountain, the Southern California resorts where he perfected his ollies, rail slides and back flips.
As a part owner of Mammoth Resorts, White will help oversee the operation of more than 4,000 acres of skiable land in California, visited by more than 2 million skiers and snowboarders each year.
"It's like a homecoming to me," White said.
Rusty Gregory, Mammoth Resorts' chairman and chief executive, said White will play a key role in reinventing the resorts, which have a reputation as homey, local operations without the high-end, ritzy developments found in major Colorado resorts. In particular, White will help expand on the base of young snow enthusiasts and open the mountains to more year-round activities, he said.
Read more: www.latimes.com/business/la-fi-shaun-white-big-bear-20160128-story.html
"The Flying Tomato" has gone from carving the slopes to owning them.
Olympic gold medal snowboarder Shaun White has taken a minority stake in the company that runs Mammoth Mountain and recently spent $38 million to buy Snow Summit and Bear Mountain, the Southern California resorts where he perfected his ollies, rail slides and back flips.
As a part owner of Mammoth Resorts, White will help oversee the operation of more than 4,000 acres of skiable land in California, visited by more than 2 million skiers and snowboarders each year.
"It's like a homecoming to me," White said.
Rusty Gregory, Mammoth Resorts' chairman and chief executive, said White will play a key role in reinventing the resorts, which have a reputation as homey, local operations without the high-end, ritzy developments found in major Colorado resorts. In particular, White will help expand on the base of young snow enthusiasts and open the mountains to more year-round activities, he said.
Read more: www.latimes.com/business/la-fi-shaun-white-big-bear-20160128-story.html