Thursday, March 3, 2011

Well, this comes as no surprise but.... 65 million?!?!


I have no idea who this is from it was forwarded to me:

Bankrupt gym owed $65M

"Just as we first reported, the David Barton Gym's parent company, Club Ventures, filed for Chapter 11 bankruptcy yesterday. Crain's reports it was $65 million in debt despite growing revenues that soared to $28.3 million last year. Muscled founder David Barton, who has clients including Marc Jacobs, Zac Efron and Renée Zellweger, ran up the debt by going on an aggressive expansion spree in recent years, opening a splashy 40,000-square-foot facility at Astor Place and planning to open in the old Tower Records building in Los Angeles. The company plans to emerge from bankruptcy by June, and insists no gyms will close. Meanwhile, David Barton has struck a "strategic alliance" with Meridian Sports Clubs, with plans to expand further in California and Nevada. Meridian CEO Chuck Grieve will become chairman of David Barton Gym, while Barton himself will remain CEO."

I always wondered how they paid for my gym. I mean its really pretty amazing, because they did a lot of custom work on it and custom work is the expensive stuff but..... 65 MILLION IN DEBT????? What?! Im bringing my PICK AXE to the locker room and seeing what I can MINE FROM THE WALLS!!!! 65 million in debt?! Ive never been to the Seattle gym, perhaps that one is tiled in semi precious gem stones?!.... Hopefully they wont close or EVEN WORSE they wont open that gym up to the NORMAL PEOPLE, Id honestly rather have it CLOSE then become a Ballys! That place is my SNAKE MOUNTAIN. A shadowy, magenta and chartreuse sanctuary for super villains.... ugh... I'll DIE before I join an Equinox!

5 comments:

Ryan said...

Equinox is for white women. We will never go there....

Ryan said...

Equinox is for privileged white women. We will never go there...

JS said...

What's your problem with regular people? I'd wager some of those "regular people" are buying your fetish gear. Do you think they'll buy if they know you write about them like you are looking down your nose at them?

David Mason said...

Anyone who buys my clothes is NOT "regular"

Mathieu said...

I've moved to Amsterdam and emailed DB last week to cancel my membership, and I still haven't heard a reply. The contact said they've been 'swamped' lately, now I know why! I've been paying in full each month even though I haven't been since December, and will probably have to keep paying for another 2 months. Ugh! Chipping away at that 65 mil...

Also I'm curious - how are they keeping out the normals from Astor place?

I miss DB (even though I went to Chelsea). It really is good. I've been spoilt and I can't help but sneer a little bit at my new gym "Splash". You take the finesse and the endless towels for granted after a while. Although even though they couldn't get a decent water fountain yet managed to redecorate the foyer every season. Anyway, yes, "Chicquinox" is for privileged white women and castrated gays...