Boston Sports Clubs' parent company files for bankruptcy amid uproar from gym members
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Beset by losses from months of closure and facing a growing rebellion from members, the company that operates Boston Sports Clubs filed for bankruptcy protection on Monday.
“The pandemic has caused unprecedented economic volatility and uncertainty which has negatively impacted our recent operating results,” Town Sports International said in a financial report to investors, contending that it has not been able to collect membership dues since March.
Numerous gym members, however, reject that assertion, saying the company continued to collect fees after the gyms were closed in March, debiting members' bank accounts instead of freezing fees or canceling their memberships.
Read the full story.
More:
- Boston Sports Clubs finally stops collecting fees at closed gyms, but doesn’t offer refunds
- Members sue Boston Sports Clubs over continued billing while gyms are closed
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