Bally's Total Fitness
Bally's Now They've Filed Chapter 11
As a 21-year member of Bally's, I am sorry to say that the writing is on the wall: as of several weeks ago, they filed Chapter 11. I googled "Bally's Chapter 11" and discovered that, with 375 clubs and about $750 million in debt, they have roughly $2 million in debt per club. And their ...