Rumors swirl that L.A. Marathon might be for sale

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    As the 23rd running of the Los Angeles Marathon approaches, the race remains something of a mixed bag.

    It is popular with Southern Californians but is ignored by many top marathoners who prefer events in London, New York and Boston, and viewed with suspicion by sports agents who have had trouble collecting appearance fees from current race operator Chris Devine.

    Now the marathon that founder William Burke sold to Devine four years ago for $15 million reportedly is on the block again. A national sports business publication reported last month that Chicago-based Devine Racing is in talks with a private equity firm that recently acquired four cycling, marathon and triathlon businesses and is on the prowl for more race-related companies.

    LA Times article

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