Thom Weisel

Professional sports

Weisel has been active in professional sports as an investor, board member, manager, and participant for most of his career. In 1982, he was a bronze medalist in the U.S. Master's Skiing Championship. Weisel is also a five-time National Master's Cycling champion, and three-time World Master's Cycling champion (1990–1992).

Since 1977, Weisel has been on the board of the U.S. Ski and Snowboard Team and was elected chairman in 1983, a position he held until 1994. During this time, Weisel was responsible for merging the U.S. Ski Team with the U.S. Ski Association, and overhauling its governance and funding. In 1999, the USSA awarded him the Julius Blegen Award, their highest honor. Weisel was also honored by the United States Olympic Foundation in 2011 with the foundation's George M. Steinbrenner III Sport Leadership Award. The award was given in recognition of Weisel's financial support and leadership since 1977. In April 2018, Weisel was inducted in the US Ski and Snowboard Hall of Fame at a ceremony in Squaw Valley, California.

Weisel started Montgomery Sports in 1987 as a cycling venture. The team was renamed Subaru-Montgomery in the early 1990s, then Montgomery-Bell (for Bell Sports), and finally renamed for the U.S. Postal Service. He is also the founder of the USA Cycling Development Foundation and has served as its chairman since 2000. As chairman, Weisel reorganized and restructured the foundation similar to the USSA, revamping the organization's board and funding sources.

In 2000, Weisel organised a bailout of USA Cycling which was experiencing financial difficulties.

Weisel was an important financial backer of Tailwind Sports, a company formed to manage the U.S. Postal Service Pro Cycling Team (USPS), which cyclist Lance Armstrong joined in 1998. Weisel formed a relationship with Armstrong early in Armstrong's career and was a primary source of support and funding. In a 2002 article, Armstrong credited Weisel for founding and investing in the team in its early stages, before its championship wins. Armstrong had previously been a team member of Weisel's Subaru-Montgomery team. Tailwind Sports were the owners of the USPS team for the first five of Armstrong's Tour de France wins.

In 2006 Weisel contributed to the "Floyd Fairness Fund" with fellow Tailwind Sports owners to support cyclist Floyd Landis when he was accused of doping offences. In 2010 Landis filed a lawsuit against Weisel, Lance Armstrong, Johan Bruyneel, Bill Stapleton, Barton Knaggs, Tailwind Sports, and Capital Sports and Entertainment under the False Claims Act, alleging that the defendants had defrauded the federal government. A federal suit was filed in 2013, but the government declined to name Weisel, Knaggs, Stapleton, and Capital Sports and Entertainment as defendants.

Weisel vehemently denied Landis's allegations, and claims against him were dropped by a federal judge in June 2014.