BLAST! buys out Bally's... What should I expect?

  • mindandmuscle

    Posts: 44

    May 03, 2012 2:04 PM GMT
    Blast Fitness has bought out the Bally's clubs here in Milwaukee and elsewhere in the upper midwest. I'm wondering what kind of club Blast is, do they invest in their clubs, are they ok for serious weightlifters? Or, should I start looking around for a new gym?
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    May 03, 2012 4:45 PM GMT
    Wonder if Ballys is getting out of the health club business altogether? In Tampa and other parts of Florida, LA Fitness is taking over the existing clubs.
  • metta

    Posts: 44710

    May 03, 2012 4:47 PM GMT
    Bally's has been trying to get out of it for many years. It was for sale for a long time. Looks like they are selling them in chunks. Actually, I'm not even sure who owns Bally's right now. I don't think that it is actually owned by the original Bally's.

    It looks like they have 60 clubs left:

    It also looks like they are planning on staying in business because they have opened 2 new clubs and they wiped out their corporate debt with the sale of most of their clubs.