The owner of New York Sports Clubs has set aside $850,000 to compensate angry gym rats who were charged monthly membership fees while its facilities were closed. Town Sports, which filed for bankruptcy protection on Monday, had initially allocated just $225,000 to repay customers for such fees, a lawyer for the company said in court …
Town Sports, the bankrupt owner of New York Sports Clubs, secured $20 million in financing from its lenders to keep it afloat while it searches for a buyer. The tentative deal comes just two days after Town Sports filed for Chapter 11 bankruptcy protection in Delaware and buys the company time to reopen and maintain …
The owner of New York Sports Clubs has set aside $850,000 to compensate angry gym rats who were charged monthly membership fees while its facilities were closed. Town Sports, which filed for bankruptcy protection on Monday, had initially allocated just $225,000 to repay customers for such fees, a lawyer for the company said in court …
