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Bally Total Fitness was an American fitness club chain. At its 2007 peak, prior to the filing of the first of two Chapter 11 bankruptcies, Bally operated nearly 440 facilities located in 29 U.S. states, Mexico, Canada, South Korea, China, and the Caribbean under the Bally Total Fitness, Crunch Fitness, Gorilla Sports, Pinnacle Fitness, Bally Sports Clubs, and Sports Clubs of Canada brands.
Life Fitness created the first computerized strength training program in 1988. [3] In 1991, Bally Total Fitness sold the company to Mancuso & Company, a private equity firm, for $62.5 million. [4] The same year, Life Fitness expanded into treadmills. Life Fitness was acquired by Brunswick Corporation in June 1997 for $310 million.
In 1990, Bally came under new management as its largest shareholder, Arthur Goldberg, was appointed chairman and began a restructuring process. [8] To pay down debts, German subsidiary Bally Wulff was spun off into an independent company in 1991. Scientific Games, exercise equipment maker Life Fitness, and the Reno casino were sold in 1993. The ...
Texas Attorney General Greg Abbott has accused Bally Total Fitness Corp. with misleading former customers into paying past due membership fees they didn't owe. According to the Abbott's ...
Get a free 7-day gym pass to Bally Total Fitness when you click on the image at right. The pass is good for seven consecutive days and you have to take a club tour and club presentation before ...
In 1977, Nieto founded Lifecycle with an exercise bike of the same name. In 1984, he sold the company to Bally Total Fitness, but was soon named president of the combined company, Life Fitness. [8] He left as an executive of the company upon its acquisition by the Brunswick Corporation. [3]
Bally Total Fitness acquired Crunch in 2001 for $90 million in cash and stock, [14] holding the brand for four years. In 2005 Angelo, Gordon & Co., a private equity firm, purchased Crunch from Ballys for $45 million, and in 2009 added New Evolution Fitness Company ("NEFC"/New Evolution Ventures), a company founded by Mark Mastrov (founder of 24 hour fitness) and fitness Veteran Jim Rowley, as ...
This is a list of gym chains by country. Some gyms may have the same name but in fact be unrelated. Some gyms may have the same name but in fact be unrelated. This is a list of generally corporate-owned or franchised gyms operating worldwide.