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from the Better
Business Bureau for failure to respond to 54 complaints and failure to resolve 22 more. A former employee told Forbes that while no gym company was "100% ethical" there was "maybe a little too much" unethical behavior at the company. Several employees stated that many of the company's current issues came to a head after the appointment of Walsh as CEO.
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laws. TSI and the
Attorney General settled this dispute in November, 2016, with TSI agreeing "to clearly disclose its cancellation policies, cease misleading consumers about how they can cancel, and not bill consumers who canceled their memberships." In January 2019, the Attorney General of DC filed
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Forbes magazine reported that the company had a history of mishandling customer memberships, and that as of April 2020 had at least 24 membership-related federal lawsuits filed against it in a five-year span; a number disproportionately higher than TSI's competitors. The company also had an F rating
493:
As of June 2021, many gyms previously owned by Town Sports
International have been transferred to new ownership under the New York Sports Clubs family of brands, including New York Sports Clubs, Philadelphia Sports Clubs, Boston Sports Clubs, and Washington Sports Clubs, along with Around the Clock
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On April 3, the
Attorneys General of the states of New York, Pennsylvania and the District of Columbia sent a letter to CEO Patrick Walsh demanding he immediately cease charging monthly membership fees. Five days later the company consented to freeze memberships across the board, however the return
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On March 26, Mary
Namorato filed suit against Town Sports International, alleging that the company was “defrauding and stealing from gym members” by continuing to charge the chain's approximately 605,000 members. The complaint stated that the company had made “it virtually impossible for members to
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As of June 30, 2006, TSI Holdings operated 152 clubs (part-owner of a few) with approximately 551,000 members. This included 102 New York Sports Clubs in New York, New Jersey, and
Connecticut; 27 Boston Sports Clubs in Massachusetts and Rhode Island; 12 Washington Sports Clubs in D.C, Maryland, and
378:. Its current brands include Liv Fitness Clubs, Palm Beach Sports Clubs, and Christi's Fitness. Former brands include New York Sports Clubs, Boston Sports Clubs, Philadelphia Sports Clubs, Washington Sports Clubs, Lucille Roberts, TMPL Gym and Total Woman Gym and Spa.
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bankruptcy, which allows for the company to remain open and to reorganize. In the filing, the company reported liabilities in the range of $ 500 million and $ 1 billion with assets in the same range. Most of the liabilities are in the form of back rent.
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On
December 28, SGB Media reported TSI subsidiary Empire Holdings and Investments, LLC announced the receipt of a $ 100 million loan facility in principal from Kennedy Lewis in exchange for 51% common stock.
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In May 2019, a separate class action lawsuit was filed in New York against TSI, further alleging that the chain ignored members' cancellation requests and collects fees after closing members' accounts.
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Fitness and
Lucille Roberts. Town Sports International itself only lists three subsidiaries as of present: Palm Beach Sports Club, LIV Fitness Clubs, and Christi's Fitness.
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a new lawsuit against TSI, alleging that the company had violated the terms of its 2016 settlement and again violated the
District's consumer protection laws.
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of the fees that had been charged was not addressed. An article in
Bloomberg revealed that Walsh was considering having the company file for bankruptcy.
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crisis, and all non-executive staff subsequently terminated. Town Sports International continued to charge member dues, resulting in widespread outrage.
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Three weeks later, under pressure from the Attorneys General, the company agreed to issue credits and refunds of fees that had been charged to members.
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cancel their memberships and has even refused to honor many members’ cancellation requests”. Namorato's representative stated that competitors
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821:"Coronavirus US Live: Mary Namorato, a New Yorker separated from her daily gym work-out, has filed a lawsuit against New York Sports Clubs..."
684:"AG Racine Sues Washington Sports Club for Misleading District Consumers About Membership Cancellation Policies, Billing Practices, and Fees"
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574:"Town Sports International Holdings, Inc. Announces Appointment of Chief Executive Officer and Departure of Chief Operating Officer"
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Virginia; 5 Philadelphia Sports Clubs; 2 BFX Studios; 3 clubs in Switzerland; and another D.C. club with a different brand name.
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was appointed CEO on September 30, 2016. TSI's CFO, Philip Juhan, also later invested in, and serves as CFO of Truth Social
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On September 16, Bloomberg reported that Town Sports International and its creditors were pursuing a sale of the business.
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625:"The financial head of Donald Trump's media company earned 4 times as much as CEO Devin Nunes, new documents show"
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660:"Attorney General Obtains Settlement with Washington Sports Clubs Addressing Cancellation and Billing Practices"
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836:"Town Sports International Holdings, Inc.'s Unlawful Response to the COVID-19 Pandemic and National Emergency"
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In 2016, the Attorney General of the District of Columbia investigated TSI for violations of the District's
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748:"Former Employees Say New York Sports Club Has Mishandled Customer Memberships For Years"
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Please help update this article to reflect recent events or newly available information.
543:"Boston Sports Clubs' parent company files for bankruptcy amid uproar from gym members"
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TSI has had multiple legal issues regarding its cancellation policies.
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had automatically suspended membership charges due to the closures."
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896:"N.Y. Sports Clubs Owner Considers Bankruptcy While Gyms Stay Shut"
970:"Bankrupt New York Sports Clubs Owner Seeks Buyer Amid Loan Talks"
797:"NYSC Continues to Charge Membership Dues Despite Gyms Being Shut"
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James, Shapiro, Levine, State Attorneys General (April 3, 2020).
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Boston Sports Clubs evicted in Providence, owes $ 200K in rent
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On March 16, 2020, all gyms were temporarily closed due to the
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772:"Boston Sports Clubs Laid Off All Its Employees Monday Night"
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On September 14, 2020, Town Sports International filed for
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Medical and health organizations based in New York (state)
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Companies traded over-the-counter in the United States
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Companies that filed for Chapter 11 bankruptcy in 2020
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Business data for Town Sports International Holdings:
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407:Many locations permanently closed during the
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855:: CS1 maint: multiple names: authors list (
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400:Its current corporate office is located in
64:Learn how and when to remove these messages
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1127:Health care companies established in 1973
1053:. Town Sports International Holdings, Inc
995:"Town Sports' Subsidiary Secures Funding"
215:Learn how and when to remove this message
197:Learn how and when to remove this message
1162:1973 establishments in New York (state)
1152:Companies formerly listed on the Nasdaq
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370:) is an operator of fitness centers in
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135:adding citations to reliable sources
920:DeGregory, Priscilla (2020-04-24).
1147:Private equity portfolio companies
843:NY State Attorney General's Office
600:"Who funded Trump's Truth Social?"
598:Coster, Helen (October 28, 2022).
364:Town Sports International Holdings
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1132:Health clubs in the United States
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340:Footnotes / references
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242:Palm Beach Sports Clubs
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439:COVID-19 Controversy
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976:. 16 September 2020
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1104:SEC filings
1001:. SGB Media
801:www.ny1.com
376:Puerto Rico
281:Health club
187:August 2017
1121:Categories
999:SGB Online
980:2020-09-16
955:2020-09-16
931:2020-04-25
906:2020-04-15
881:2020-04-15
806:2020-04-10
782:2020-04-10
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718:2019-11-22
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688:oag.dc.gov
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634:2024-04-23
584:2017-08-17
554:2020-09-15
525:References
480:Chapter 11
235:Trade name
157:newspapers
50:improve it
1089:Bloomberg
974:Bloomberg
900:Bloomberg
609:April 23,
261:Traded as
96:June 2014
56:talk page
1005:25 April
851:cite web
727:cite web
498:See also
445:COVID-19
277:Industry
267:OTC Pink
1099:Reuters
1057:23 June
1031:23 June
629:Fortune
604:Reuters
374:and in
372:Florida
325:Website
295: (
287:Founded
171:scholar
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1109:Yahoo!
1094:Google
1027:. NYSC
752:Forbes
253:Public
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839:(PDF)
271:CLUBQ
178:JSTOR
164:books
1059:2021
1033:2021
1007:2023
876:NYSC
857:link
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611:2024
459:and
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297:1973
290:1973
150:news
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