Posts tagged “Esporta”

The difference is in the price!

>I thought this was an appropriate picture to use to accompany this story about Esporta given that bids are due in over the next few days for the beleaguered gym group.Greenhill, the investment bank is presently running an auction and the indication is the price for the 55-club chain may ...

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Finally, a sense of community at the gym

>On Friday, I took part in a friendly team tennis tournament followed by a Wimbledon ticket draw at my local Esporta club. Our team, 'you can't be serious!' won the event, but that was not the real reason why the evening was such a success. Finally, I experienced first-hand, the ...

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Esporta opens new £14 million health club in Gloucester

The recent placing of Esporta's parent company, Bell Leisure Investment, in administration has not stopped the fitness chain opening new clubs. The latest is the 84,000sq ft (7,804sq m) in Gloucester. The new club features six indoor and three outdoor tennis courts, a 165-station fitness suite, 25m indoor swimming pool, ...

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Financial Times comment on Esporta woes

>Roger Blitz has written an overview of the Esporta situation for anyone that wishes to read. Click on the title bar above to read Roger's thoughts.Due DiligenceIs hasty due diligence by the Halabi team now coming back to haunt them?insight from Ray Algar

Esporta parent company goes into administration

>The Esporta story takes a further twist today when Grant Thornton were appointed as administrators for Bell Leisure Investment, Esporta's parent company. What must staff, members, suppliers and stakeholders be thinking? Recently, I was thinking of cancelling my Esporta membership through lack of use, but how can I leave now. ...

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Esporta – Life after Neil Gillis

How can the fortunes of Esporta, one of the UK’s premier health and racquets club chains, change so dramatically since Halabi acquired the business in February 2007 from Duke Street Capital? As I write, Esporta could be heading for administration. Neil Gillis, the former Chief Executive and Michael Ball, Finance ...

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Esporta and Neil Gillis Part Company

So Neil Gillis has resigned from Esporta following the November 2006 purchase by Simon Halabi, and is presently working out his notice. Was this a planned departure by Gillis or has there been a strategic disagreement? What does this also mean for Esporta's bid for David Lloyd Leisure? More ...

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David Lloyd says no to Esporta Purchase

Firstly, the Esporta deal has gone through, which means I am now paying my £142 per month membership fee to Simon Halabi, the property magnate (as if he didn't have enough money already!). Not content with buying Esporta, it transpires that secret talks have been taking place between Esporta and Whitbread ...

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Esporta Health Clubs Sale Runs into Trouble

The Esporta deal has more twists and turns than Silverstone. Contracts were exchanged back in November of last year for the sale of the 54 Esporta clubs to Simon Halabi. However, a reliable contact informs me that not all is going well with the completion. So, has the buyer uncovered ...

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UK Health Club Review 2006

>This year has seen frenetic activity in the UK health club market with several large chains seeing a change in ownership. Here is a summary of the big deals:London & Regional Properties acquire the 15 Next Generation clubs for £198 million (€294 million euros).Bannatyne Fitness ...

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