Dead weight: New York Sports Clubs owner files for bankruptcy

The owner of New York Sports Clubs can’t run away from the pandemic. Town Sports International — which owns sports clubs in New York, Boston, Philadelphia and Washington, D.C. — filed for Chapter 11 bankruptcy on Monday after the forced closure of gyms led to big losses in revenue, Reuters reported. Operators of fitness centers have been hit hard by the pandemic lockdown as much of their revenue comes from monthly membership and personal training … Continue reading Dead weight: New York Sports Clubs owner files for bankruptcy