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Investor Jeremy Raper: Raper Capital has written an indepth piece on the likely outcomes for Quiksilver based on the most recent earnings call. Perhaps without explicitly spelling out how much the label along with its peers are on the nose at the moment, but definitely citing that lack of investment in their athletes and marketing that has driven a decline in the value consumers see in the brand. Quiksilver always benefited from a ripple effect — the core participants loved a surfer or product that had the brand on it, those people were cool and influenced a wider audience. When the brand shifted focus to sell to that wider audience, they lost their aspirational pull. Rapers prediction is that a combination of the first two is the most likely option as banks are reluctant to press the third. But when you look at both the recent history of the brand combined with the predictions made here, a wind-up sooner rather than later actually provides a greater return at lower risk to the primary lenders. Something to ponder. Snow Skate Surf Random Newsletter. July 1, Contribute Got something to say? We want to publish it.

Canada’s Cameron wins silver medal in sit-ski at Para-Nordic World Cup

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At the Sydney Olympics, three Bulgarian weightlifters failed doping tests. The rules said the entire Bulgarian team was thereupon supposed to be expelled. However, Galabin Boevski had already competed and, because he did not test positive, he was allowed to keep his gold medal. In , Boevski was found liable of tampering with the urine sample he provided at the world championship in Vancouver. He would be banned from competition for eight years. The authorities found nine kilos, or nearly 20 pounds, of cocaine, in his bags. Galabin Boevski is a complicated figure and weightlifting is a complex sport, filled with intrigue and drama. On the stage, the bar does not lie. You either lift it or not. Bulgaria has close connections with the unraveling doping story in Azerbaijan, where more than a dozen lifters tested positive in for illicit performance-enhancing drugs. Among the Azeri athletes suspended last year by the International Weightlifting Federation: Bulgarian-born Valentin Hristov, 19, the London bronze medalist in the bantamweight class. Remarkably, Bulgaria was a weightlifting force even in the years after the break-up of the former Soviet bloc system. As the book makes plain, for everyone everywhere in the system — athletes, coaches, sponsors — manipulation is the name of the game. It is said that the 'wily' Bulgarian coach, Ivan Abadzhiev, the famed 'Senior Trainer,' goes to 'slaughterhouses to collect oxen testicles, so his weightlifters could get stronger. In , the year before the Sydney Games, the world championships in Athens are of course themselves a major event but will also set the Olympic quotas. In Bulgaria, there are far more athletes than there are spots, according to the book. Opportunity suddenly beckons. The rest go to the federation, according to the contract. Apart from that, Bulgaria receives 50 percent of the bonuses of the athletes, promised to them for success in major competitions. The Qataris quickly issue new names and passports to the Bulgarians, among them Peter Tanev, the European middleweight champion; heavyweight Angel Popov; and super-heavyweight Yani Marchokov. Every weightlifter has a personal one. Drugs, vitamins and amino acids are taken to a schedule. The Senior Trainer and his assistants keep close watch to see that everyone is taking their medication. A war would break out if someone threw away a vitamin C pill. Abadzhiev is strict. He wants every rule he gives to be abided by. The coach is most rigorous about medication. He keeps adding more and more to the pill cups. One of them is Orocetam -- a metabolic booster. Orocetam is a medication made by a company called Sopharma. Orocetam is designed to help brain rehabilitation during and after illness; it improves blood flow in the brain; that can enhance mental concentration. It turns out that, as the company acknowledges, Orocetam contains traces of the banned diuretic furosemide. The company says it regrets the disqualifications -- to show you how important weightlifters are in Bulgaria, Boevski was the country's landslide winner of Athlete of the Year for , when he dominated his category at the world championships. But it also says it should not be blamed for tiny amounts of furosemide in the drug, which it points out -- accurately -- is not designed for use by athletes. It is also pointed out by the Bulgarian pharmaceutical trade agency that manufacturers are not required to list a component that makes up less than 0. Here, the trace amount of furosemide is 0. Boevski and Abadzhiev had long gone their separate ways in terms of training methods. Perhaps this is why Boevski's sample is clean. The team is suspended. Then there is an appeal, led by the then-president of the Bulgarian Olympic Committee, Ivan Slavkov, known to his peers and colleagues as 'Bateto,' or the 'elder brother. In he would be expelled on corruption charges from his membership in the International Olympic Committee; he would then be replaced as BOC president as well. In the heavyweight division, Alan Tsagaev, born in Russia but competing for Bulgaria, is finally cleared to compete — on the day of competition itself, and then only after the Court of Arbitration for Sport signs off on it all, saying there is no legal basis to disqualify the entire team. Popov, now Said Saif Asaad, takes bronze. He is the only one of the eight Bulgarians turned Qataris to win a medal in Sydney. Always, as the book — and as the historical record — makes plain, in weightlifting the specter of illicit performance-enhancing drugs is about. The entire Bulgarian team will withdraw from the Beijing Games after 11 of its athletes test positive for a steroid. Because of the scandal at the Games, one of the Bulgarian lifters, Georgi Gardev, who surely would have been a top contender for gold in his class, is precluded from taking the stage. She is by his side when he wins. Too, she is there for him through his many trials. A few months ago, he opened a bakery back in his home town, Pazadzik, Bulgaria. In Sydney, Gardev can only watch. LAUSANNE, Switzerland -- Two years ago, Rio de Janeiro's bid team came here and put up a map that showed the Summer Games had never been to South America, a remarkably clever piece of stagecraft that separated Rio from four other contenders and, ultimately, made the case for its stunning win for the Summer Games. The three cities for the Winter Games came here Wednesday with movies and charts and Olympic medalists by the score, the two perceived chasers, Munich and Annecy, France, looking for a similar breakout moment to make up ground against the favorite, Pyeongchang, South Korea. The Koreans came Wednesday with the admittedly 'nervous' but nonetheless impressive Yuna Kim, the women's figure skating gold medalist. And they have their own world map. That map shows that the Winter Games have been held in Asia only twice, and both times in Japan, in Nagano in and Sapporo in This is the underlying dynamic of this race, and unless the others wield a compelling argument to the contrary, it's why this arguably is -- and always has been -- the Koreans' race to lose. The essential question is whether the forces of history, economics and demographics are -- or are not -- on Korea's side. To frame it another way: Is the sports world still in the expansionist mode of recent years? Or is the campaign in which the IOC takes a break and opts for a more traditional locale before venturing forth anew in , and beyond? To be clear: The Koreans have a lot going for them. Then again, if they could win, of course they could lose. They have bid twice before for the Winter Games, for and , and lost both times. Moreover, it's an International Olympic Committee election; by definition, the only thing predictable about an IOC campaign is that it's unpredictable. At the session Wednesday, held at the Olympic Museum, and formally dubbed a 'technical briefing,' with each city given a minute presentation window followed by a question-and-answer session, Hicham el Guerrouj, the great Moroccan middle-distance runner who since has been an IOC member, posed a question during Annecy's time about the arrest in New York on sexual assault charges of French financier Dominique Strauss-Kahn. He declared the day a big success: 'It was a very good day for the International Olympic Committee because whoever wins will definitely be able to stage very good Games. He also said, and perhaps he's absolutely right about this, perhaps he's just practicing diplomacy: 'It's going to be a close race. The Koreans, with their tagline about taking the Games to 'new horizons,' would appear in many regards to be driving the campaign. At the least, the other two bids have felt compelled to respond to the Korean narrative. The nations that through the s played host to major sports events have been giving way in recent years to countries and regions that, logically enough, are saying, it's our turn now. As a for instance, this is why -- despite what is shaping up to be a comparatively weak field for -- the U. Olympic Committee, even if its revenue and marketing issues with the IOC are resolved, ought to give serious, serious pause before considering an entry. One theory holds that after ranging afield to new locales -- such as Rio for -- the IOC needs to park in a safe harbor, such as the U. Applying that theory now would deliver to Germany or France -- after in Sochi, Russia, where they're building a brand-new Winter Games destination from scratch. The competing theory is that the Olympic and international sports world is still very much in the midst of turning away from what was and toward what's next. Qatar, again, for the men's team handball world championship in -- chosen this past January over three European bids, from France, Norway and Poland. Our world is changing all around us. Just a couple days ago, in an event that went virtually unnoticed in the United States but is big stuff in Europe, with more than million people tuned in to watch the final episode, Azerbaijan, one of the former Soviet republics, won the Eurovision song contest. Here's another huge economic shift in the making, a point the Koreans have underscored time and again during this campaign:. By , according to an Asian Development Bank Study, Asia will make up 43 percent of worldwide consumption. No other region in the world comes close. Thomas Bach, the vice president and presumed IOC presidential candidate in , is leading the Munich bid. He observed Wednesday that 'there are cycles of life,' a time where 'you go to new shores' and another 'where you cultivate your foundations. While the presentations Wednesday were important, the behind-the-scenes politicking now begins in earnest. The only thing that counts is to cross the finish line first, on the 6th of July. After today's presentation and the response, which we can feel, we go into this final stretch of this very special Olympic marathon with full confidence and with all the determination and with all the passion we can have for the Olympic Games in Germany and for winter sports in particular. Asked where Munich stood at this point in the 'marathon,' Bach answered, 'I don't care. This is, as I said, about winning. For their part, the French team includes Jean-Claude Killy, the triple Games ski champion turned sports administrator. Arguably no one within the Olympic movement carries more credibility within winter sports circles. Later, he said that he supported the bid 'very strongly. The chairman of the Korean bid, Yang Ho Cho, met reporters immediately after the Pyeongchang presentation ended. We did our best,' adding a moment later, 'We sent a message of new horizons. Re-purposed Summer Games venues. Big crowds. Fantastic guaranteed atmosphere. German business underwrites 50 percent of the revenues of the seven sports on the Winter Games program. Germany hasn't hosted the Winter Games since What about the mountains? Major national priority. You will receive an e-mail from us soon. Please click the link in that e-mail to confirm your subscription. Bulgaria has long had outsized influence in weightlifting. What to do? In Sydney, it all proves convoluted. From the book, and now oxen testicles seem, well, quaint: 'The cup with pills is getting fuller. At the Olympics, a trace is more than enough. Some of the Bulgarians, like Boevski, get to compete. An Olympics runs for 17 days. Time is ticking. He wins silver. Three Bulgarian lifters will be banned for doping before the Athens Games. On stage, there is a simple truth — a man, a bar, his will, the weights. The rest of the time? Indeed, sometimes it's just flat-out unusual. One such moment: At the session Wednesday, held at the Olympic Museum, and formally dubbed a 'technical briefing,' with each city given a minute presentation window followed by a question-and-answer session, Hicham el Guerrouj, the great Moroccan middle-distance runner who since has been an IOC member, posed a question during Annecy's time about the arrest in New York on sexual assault charges of French financier Dominique Strauss-Kahn. IOC president Jacques Rogge promptly ruled the question out of order. Rogge was not asked about that question at an end-of-the day news conference. It's not just about geography, of course. Even so, the broad theme of the era in which we are living is writ large. See, for example: Russia ; Brazil and soccer's World Cup in Russia, again, for the World Cup in Qatar, for the World Cup in Germany was 10th; Britain, 11th. Spain and France finished farther still down the list. Azerbaijan winning Eurovision -- that underscores a major cultural and economic shift. Here's another huge economic shift in the making, a point the Koreans have underscored time and again during this campaign: By , according to an Asian Development Bank Study, Asia will make up 43 percent of worldwide consumption. Complicating the Olympic dynamic, though, is the factor of personality politics. Email Address. Sign Up. Thank you for signing up for updates!

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