Ragnar co-founder Tanner Bell says he is working with a group of investors and industry figures on an interim funding agreement with FitLab that would allow two of Ragnar’s remaining August events to proceed as scheduled.

Hybrid Fitness Media has been reporting on FitLab and Ragnar’s financial issues since July, including the cancellation of Ragnar’s Road Minnesota and Trail Appalachians events, and the loss of venues for Trail Wisconsin and Reach the Beach after Ragnar failed to pay outstanding bills.

In a post to the Ragnar community late Sunday, Bell wrote that he and a group described as “industry leaders, investors, event operators, and people who care deeply about Ragnar” are “finalizing an interim agreement with FitLab that would provide the funding needed for Ragnar Trail Rainier and Ragnar Trail Soldier Hollow to move forward in August as planned.” Bell said the group is “very close” and expects both races to happen, adding that he would provide an update if that outlook changes.

Bell’s post did not address Trail Wisconsin or Reach the Beach, the two events that lost their venues after Marathon County, Wisconsin terminated its contract with Ragnar and New Hampshire State Parks denied a permit, both citing unpaid bills. Neither event has a confirmed status as of this reporting.

Bell separately said he is working toward “a broader agreement to fully acquire Ragnar,” which he described as intended to “put the company on stable footing” and “preserve the long-term future of the Ragnar event portfolio.” He said that broader deal is not yet finalized. “We are not there yet, but we are making meaningful progress,” Bell wrote.

Bell’s post follows two earlier statements from Philip LaHaye, who has described himself as Ragnar’s former general manager and, according to his LinkedIn profile, served as CEO and General Manager of Ragnar Events LLC from March 2024 to May 2026. In a post last week, LaHaye said he was hopeful a deal would be “agreed in the coming week and closed soon after.” In a follow-up post roughly two days later, LaHaye said the group could not yet offer certainty and was hopeful for “a meaningful update” within 48 hours.

Bell wrote that he understands trust within the Ragnar community has been damaged. “We know you’ve been burned,” he wrote. “We are doing everything we can to earn back that trust.” He said that if the acquisition becomes impossible to complete, he will tell the community directly.

FitLab Co-CEOs Brian Kirkbride and Mike Melby have not responded to repeated requests for comment.

Hybrid Fitness Media is continuing to investigate FitLab’s financial and legal position and will publish further reporting as it develops.