Former owners in dispute over stores’ sale to Mike’s Bikes

February 24, 2026

The former Colorado Multisport and Full Cycle owners are engaged in a legal dispute over the sale of the combined businesses to Mike’s Bikes last summer.

Colorado Multisport owner Michael Stone filed a breach of contract lawsuit Feb. 16 in Boulder District Court alleging Full Cycle owner Russ Chandler stopped making payments as part of their transaction before selling it to Mike’s Bikes. Through his MC2 LLC, Stone owned and operated Colorado Multisport inside Full Cycle. Stone is asking for a jury trial.

In an email, Chandler told BRAIN on Tuesday, “We are disappointed that Michael has chosen to pursue this path rather than resolve our differences through the constructive dialogue that defined our working relationship for many years. We have always valued our time together and wish him nothing but success. That said, the allegations in the complaint are without merit, and we look forward to addressing them fully in court.”

BRAIN emailed the two attorneys representing Stone for comment, but as of Tuesday afternoon they have not responded. Bicycle Retailer