Broke Wellington gym to reopen
ROELAND VAN DEN BERGH
Sports-Wide's gym on The Terrace has been bought and reopened by Lifestyle Health and Fitness Clubs in a last minute deal with the liquidator.
Lifestyle said it would honour all existing Sports-Wide member contracts for both The Atrium Gym and Pool on The Terrace and the Te Aro gym, which would not reopen.
Sports-Wide's two central Wellington gyms were placed in liquidation on June 5 after the company failed to reach agreement with the Inland Revenue Department over tax and penalties arrears of more than $1 million dollars.
Liquidator John Fisk of PricewaterhouseCoopers closed the doors on June 18 after attempts to sell the gyms as going concerns failed.
Sports-Wide had about 1800 members.
- The Dominion Post
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