It looks like Seattle Executive Fitness isn't the only Seattle area gym on its last legs. Former Seahawks player Sam Adams has just filed for Chapter 11 Bankruptcy. His bankruptcy filing is apparently a last ditch effort to save the West Seattle Athletic Club, at 2629 SW Andover St, Seattle, WA 98126, from closure. Sam Adams is facing multiple other lawsuits against him. Many of the lawsuits are about his failure to pay rents at many of this other gym facilities. Sam Adams apparently owes various commercial landlords hundreds of thousands of dollars. All that has saved Sam Adams from eviction at the West Seattle Athletic Club is the Chapter 11 bankruptcy filing.
Sam Adams bought West Seattle Athletic Club out of another bankruptcy auction, after the previous owner went into liquidation (see previous stories on this site). The West Seattle gym was previously called All-Star Fitness. Before that, Sam Adams was the co-owner of Epicenter Fitness with Seattle Executive Fitness owner Merle Gregg. Merle Gregg eventually ended up with the Seattle locations of what was once All-Star Fitness, and Sam Adams bought the other locations. Now it appears all the gyms that used to be All-Star Fitness facilities, are on the brink of closure, despite their changes of ownership. It seems that Sam Adams and Merle Gregg suffer from the same terminal inability to get even the most basic aspects of running a business right.
(source story from KOMO news)
No comments:
Post a Comment