Are Virgin Active gyms a pyramid scheme?

  • PE_Mike

    Posts: 75

    May 25, 2014 6:52 AM GMT
    Minimum 12 month gym contracts, costing thousands, rely on us to 'drop out' to fund and oversubscribe their capacity - giving up and failure is profitable to some.

    Virgin are masters of the art, having acquired the base in South Africa for approximately £24.5m in 2011, they and CVC Capital Partners plan this year to list the health money printing press for £1 billion. Any happier medium between feeding such corporate sharks and dodgy private facilities?
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    May 25, 2014 7:13 AM GMT
    This is how gyms have operated in the US for many years. Long term contracts, down payments, enrollment fees, extremely difficult to get out of contracts, etc.

    But that has changed in recent years. Most of the big name gyms have dumped contracts and allow month to month memberships.

    I'm sure there are independent gyms in your area that have better membership terms. Might be worth looking into.
  • KepaArg

    Posts: 1721

    May 25, 2014 9:32 AM GMT
    The Virgin Active in Sydney is quite nice, but went with Fitness First just as they have more locations across Australia. I found this important as I have been traveling for work.
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    May 25, 2014 1:41 PM GMT
    granted the gym i use is not the cleanest (has reasonable equipment) but after a 3year contract it went to low cost year to year.