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Sport Alliance appoints Erwin Korst to drive globalisation following $100 million investment
POSTED 04 Dec 2023 . BY Liz Terry
Erwin Korst has joined Sport Alliance to drive global growth

Credit: Sport Alliance
PSG’s investment encourages us to continue our success story in an international context
– Daniel Hanelt, CEO, Sport Alliance
Erwin Korst has joined Sport Alliance to drive global growth
Credit: Sport Alliance
PSG’s investment encourages us to continue our success story in an international context
– Daniel Hanelt, CEO, Sport Alliance
Sport Alliance has named Erwin Korst vice president sales international
The appointment comes as the company announces US$100m of new funding from PSG Equity
Kost and his team will be responsible for developing the enterprise business
The company is focusing on growth in English-speaking countries and with English-speaking customers
Sport Alliance has named Erwin Korst vice president sales international. The appointment comes as the company announces US$100m of new funding from PSG Equity to drive growth.

This latest round of funding follows PSG’s initial investment of US$65m in August 2021, since which time Sport Alliance has more than doubled revenues through organic growth and four acquisitions.

Sport Alliance’s core product is Magicline management software. Customers include the RSG Group (McFit, John Reed, Gold’s Gym), Clever Fit and Bodystreet.

Magicline is currently used in 8,000 facilities, while 5.2 million gym members use the app solutions.

Kost and his team will be responsible for developing the enterprise business with a focus on English-speaking countries and customers.

Korst told HCM: “I'm proud and excited about Sport Alliance’s continuing growth journey and I look forward to working with this team.

"The recent infusion of a significant investment from PSG – amounting to a staggering US$100 million in funding – solidifies Sport Alliance's position and paves the way for unparalleled opportunities on an international scale. This strategic partnership will empower us to drive innovation, enhance our products and services and create a lasting impact."

CEO, Daniel Hanelt, said: “PSG’s investment encourages us to continue our success story in an international context. I’m looking forward to the exciting future that lies ahead of us."

"Since partnering with Sport Alliance just over two years ago, we’ve seen an incredible trajectory of success as the firm continues to expand its offering and support the digitisation of facilities across Europe,” said Edward Hughes, MD at PSG. “We’re delighted to be deepening our commitment.”

Magicline software was first launched in English in June 2021, when Sport Alliance had 4,200 locations and was moving to globalise via a introductory freemium model, as explained in this news story from HCM's sister magazine Fit Tech.

It's thought this venture in 2021 revealed the potential in the market, with the new US$100 million of funding and appointment of Korst designed to accelerate the process.

Sport Alliance has had US$100 million of investment to drive global growth Credit: Sport Alliance
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NEWS
Sport Alliance appoints Erwin Korst to drive globalisation following $100 million investment
POSTED 04 Dec 2023 . BY Liz Terry
Erwin Korst has joined Sport Alliance to drive global growth
Credit: Sport Alliance
PSG’s investment encourages us to continue our success story in an international context
– Daniel Hanelt, CEO, Sport Alliance
Erwin Korst has joined Sport Alliance to drive global growth
Credit: Sport Alliance
PSG’s investment encourages us to continue our success story in an international context
– Daniel Hanelt, CEO, Sport Alliance
Sport Alliance has named Erwin Korst vice president sales international
The appointment comes as the company announces US$100m of new funding from PSG Equity
Kost and his team will be responsible for developing the enterprise business
The company is focusing on growth in English-speaking countries and with English-speaking customers
Sport Alliance has named Erwin Korst vice president sales international. The appointment comes as the company announces US$100m of new funding from PSG Equity to drive growth.

This latest round of funding follows PSG’s initial investment of US$65m in August 2021, since which time Sport Alliance has more than doubled revenues through organic growth and four acquisitions.

Sport Alliance’s core product is Magicline management software. Customers include the RSG Group (McFit, John Reed, Gold’s Gym), Clever Fit and Bodystreet.

Magicline is currently used in 8,000 facilities, while 5.2 million gym members use the app solutions.

Kost and his team will be responsible for developing the enterprise business with a focus on English-speaking countries and customers.

Korst told HCM: “I'm proud and excited about Sport Alliance’s continuing growth journey and I look forward to working with this team.

"The recent infusion of a significant investment from PSG – amounting to a staggering US$100 million in funding – solidifies Sport Alliance's position and paves the way for unparalleled opportunities on an international scale. This strategic partnership will empower us to drive innovation, enhance our products and services and create a lasting impact."

CEO, Daniel Hanelt, said: “PSG’s investment encourages us to continue our success story in an international context. I’m looking forward to the exciting future that lies ahead of us."

"Since partnering with Sport Alliance just over two years ago, we’ve seen an incredible trajectory of success as the firm continues to expand its offering and support the digitisation of facilities across Europe,” said Edward Hughes, MD at PSG. “We’re delighted to be deepening our commitment.”

Magicline software was first launched in English in June 2021, when Sport Alliance had 4,200 locations and was moving to globalise via a introductory freemium model, as explained in this news story from HCM's sister magazine Fit Tech.

It's thought this venture in 2021 revealed the potential in the market, with the new US$100 million of funding and appointment of Korst designed to accelerate the process.

Sport Alliance has had US$100 million of investment to drive global growth Credit: Sport Alliance
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Fusing art, fitness and music, RSG Group’s flagship brand – John Reed – opens its first location in the UK. Liz Terry takes a tour
Magicline gym management software launches globally in English


Magicline gym management software – the system used by RSG Group – has been launched globally in English by owner, The Sport Alliance Group.
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Yale study shows HIIT can reverse nerve damage caused by Parkinson’s
According to a pilot study by Yale School of Medicine, exercise can not only slow down the neurodegeneration associated with Parkinson’s Disease, there is evidence it can even reverse the damage.
Self Esteem Brands reports results, does deal with Apple Fitness and reveals plans to crank up international expansion
Self Esteem Brands (SEB), owner of Anytime Fitness, has released year-end results which show year-on-year revenues up by 12.3 per cent and the launch of 500 new franchise units globally.
Basic-Fit announces major moves to democratise health and fitness
Basic-Fit has introduced a new approach to tackle gymtimidation and create an inclusive environment in its clubs.
Third Space gears up to open three new clubs
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