The company's bankruptcy filing details the thousands of dollars it owes to landlords across the greater Boston area.
RIGHT HERE REGION.THE BOSTONSPORTSJOURNAL.COM,TION OFF 95 AND WALTHAM IS ONEOF ITS CROWN JEWELS BIG.WATER FLASHY YET.IT’S NOW ONE OF THE COMPANY’SBIGGEST LIABILITIES WITH MORETHAN 1.1 MILLION DOLLARS INUNPAID RENT A LOOK AT THEBANKRUPTCY FILING FOR TOWNSPORTS INTERNATIONAL BSC’SPARENT COMPANY SHOWS.THAT IS THE SECOND LARGESTSINGLE AMOUNT.THE COMPANY OWES JUST DOWN THEROAD AND WELLESLEY IS THECOMPANY’S THIRD LARGEST DEADMORE THAN A MILLION DOLLARS OWEDTO BABSON COLLEGE FOR RENT ONTHE COMPANY’S WELLESLEY GYM,WHICH SITS ON THE BABSO CAMPUSMY SENSES.THEY’RE GOING TO HAVE ALL THESECASES THAT ARE FILED AGAINSTTHEM PUT ON HOLD.WE ASKED CONSUMER ADVOCATE.AND FORMER ASSISTANT ATTORNEYGENERAL EDGAR DWORSKI FOR ADVICEFOR BSC MEMBERS.THE COMPANY’S BANKRUPTCY DOESALLOW IT TO KEEP OPERATINGALTHOUGH WITH MOST OF ITS TOPDEBTS IN RENT.THE GYM IS LIKELY TO CLOSEUNPROFITABLE LOCATIONS, WHICHUNDER MASSACHUSETTS STATE LAWMEANS YOU CAN CANCEL FOR NOCHARGE.YOU DON’T HAVE AN OBLIGATION TOGO TO A DIFFERENT CLUB.OTHER THAN THE ONE YOU SIGNED UPFOR.SO IF THERE’S A SUBSTANTIALCHANGE IN THE OPERATION OF THATCLUB OR IT CLOSES YOU CAN CANCELTHE CONTRACT PERIOD YOU DON’T TOGO SOMEWHERE ELSE BSC MIGHT ALSONOT BE ABLE TO DELIVER ON THISPROMISE SENT BY EMAIL OVERNIGHTTO GIVE ALL MEMBERS 45 DAYS FREEFINALLY PAY THEM BACK FOR THETIME.THEY WERE CHARGED DURING THECOVID SHUT DOWN NOW IN PROMISINGTHOSE FREE 45 DAYS THE COMPANYWROTE IN AN EMAIL THAT IT WANTSMEMBERS TO FEEL APPRECIATED BUTNOW IN BANKRUPTCY A LOT OF THEFINANCIAL DECISIONS WILL BE UPTO THE COURT.WE DID OFFER TOWN SPORTS TO CEOPATRICK WALSH A CHANCE
The owner of Boston Sports Clubs filed for bankruptcy protection, adding to the frustrations of its customer base amid the..
