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Is Bally Total Fitness out of business?
Bally Total Fitness Holding Corporation was an American fitness club chain….Bally Total Fitness.
| Type | Public |
|---|---|
| Defunct | October 2016 |
| Fate | Chapter 11 bankruptcy Liquidation events |
| Headquarters | Chicago, Illinois |
| Area served | United States |
Why did Bally Total Fitness go out of business?
NEW YORK (Reuters) – Bally Total Fitness Holding Corp BFTH.PK, one of the largest U.S. health club operators, has filed for bankruptcy protection, after struggling in recent years with membership declines and too much debt.
What happens to my Bally Total Fitness membership?
Bally Total Fitness has been hit with a federal class action lawsuit accusing it of depriving lifetime members of gym privileges by selling their memberships to LA Fitness, and in one case, telling a member he had to drive 5 hours to use his membership.
What was Bally’s gym called before?
Chicago Health & Racquetball Club
The Chicago area Bally Total Fitness locations were known as the Chicago Health & Racquetball Club before Bally’s took over in the late 1980s. The Bally chain has struggled in recent years. In 2008 it was charged with fraud after the SEC found that from 1997 to 2003, the company had recognized revenue it didn’t have.
Who started Bally Fitness?
Donahue Wildman
Bally Total Fitness/Founders
Donahue Wildman, the founder of Bally Total Fitness and a popular fitness personality for five decades, died on Sept. 17, according to a Facebook announcement by his family. He was 85. Wildman died at his home in Malibu, California, after an extended battle with brain cancer, Club Insider reported.
When did 24 Hour Fitness acquire Bally Total Fitness?
In December 2014, thirty-two locations in New York, New Jersey, Denver, and San Francisco Bay Area are acquired by 24 Hour Fitness. The Greece, New York location closed without notice on December 30, 2014.
When did Bally Entertainment purchase health and tennis?
In 1983, slot-machine and arcade game manufacturer Bally Entertainment purchased Health and Tennis Corporation of America, entering the leisure industry and creating the Bally Health and Tennis Corporation division of the company. It also purchased Lifecycle (Life Fitness), an exercise bike manufacturer,…
How many Bally’s clubs does LA Fitness have?
LA Fitness had purchased 171 clubs throughout the country from Bally’s, including 13 in the Philadelphia region, and all customer contracts at those locations, with the exception of lifetime memberships.
When did John Wildman retire from Bally Total Fitness?
Wildman stayed with the company—which later became Bally Total Fitness—until his retirement in 1994 at age 61. (Bally was publicly traded and more than once reported over $1 billion in annual revenue until twice filing for bankruptcy in the mid-2000s.