Mark Mastrov's Ownership Group Lands NBA's Kings
The NBA's Sacramento Kings have been sold to a group that includes 24 Hour Fitness founder Mark Mastrov, now chairman and co-founder of private equity firm New Evolution Ventures, Lafayette, CA.
Health Club Revenue Up, Memberships Dip in 2012
Revenue generated by health clubs in the United States increased while overall club membership and usage decreased, according to 2012 figures released by the International Health, Racquet and Sportsclub Association (IHRSA).
Precor President Paul Byrne Announces Retirement
Paul Byrne, the president of Precor who has been with the company for 28 years, has announced he will retire on Sept. 1. Precor Vice President Rob Barker will succeed Byrne as president in what has been part of a developing succession plan, according to the company.
Former Instructor Files Lawsuit against SoulCycle
Nick Oram, a former SoulCycle master instructor, has filed a class-action lawsuit against the company claiming he and other SoulCycle instructors are not paid for their work outside of the 45-minute classes they lead.