Sports Club Ends Deal to Buy Gold’s Gym

Sports Club Co. terminated its agreement to acquire closely held Gold’s Gym Enterprises Inc. and related companies. Los Angeles-based Gold’s Gym owns one Gold’s Gym in Venice and a related company that acts as a franchiser to about 550 Gold’s Gyms worldwide. The franchise operations had 1996 revenue of about $2.6 million. Los Angeles-based Sports Club, which operates 10 health clubs under the Sports Club and Spectrum Club names, said in September that it planned to acquire Gold’s Gym Enterprises and related companies for an undisclosed price. No further details on the deal’s termination were available. Sports Club shares rose 31 cents to close at $9 in the American Stock Exchange.