Friday, 17 August 2007
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Bally Total Fitness files for Chapter 11 Bankruptcy Protection
For those of you that are unaware, Bally Total Fitness has filed for Chapter 11 Bankruptcy Protection. According to Fitness Business Pro, as a result, Bally’s will have to close a significant number of its clubs. They have 375 clubs and the article states they up to 200 of them may have to be closed, only retaining Bally’s better performing clubs.
Source: http://fitnessbusinesspro.com/mag/fitness_waiting_game/
I just hope that those clubs being closed will not be the Staten Island or Rockville Centre clubs, the rest can go as far as I care. lol.
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