Bankrupt New York Sports Clubs Owner Seeks Early November Sale

(Bloomberg) — The owner of the New York Sports Clubs and Lucille Roberts gyms is seeking to speed up a planned sale of its business in bankruptcy court as pandemic pressures mount in the fitness industry.



a couple of people that are walking down the street: Pedestrians pass in front of a New York Sports Club gym in New York, U.S., on Monday, Sept. 14, 2020. The owner of the New York Sports Clubs chain sought bankruptcy protection from its creditors, unable to keep up with debt payments after the pandemic shut its gyms for months.


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Pedestrians pass in front of a New York Sports Club gym in New York, U.S., on Monday, Sept. 14, 2020. The owner of the New York Sports Clubs chain sought bankruptcy protection from its creditors, unable to keep up with debt payments after the pandemic shut its gyms for months.

Town Sports International Holdings Inc. asked for court permission to shorten the timeline to sell itself to a group of investors or other interested parties, court papers show. Given gyms’ cash constraints and liquidity needs during the pandemic, the company is seeking to complete the sale by early next month. Lenders have submitted an initial credit bid for around $80 million.



a couple of people that are walking down the street: Pedestrians pass in front of a New York Sports Club gym in New York, U.S., on Monday, Sept. 14, 2020. The owner of the New York Sports Clubs chain sought bankruptcy protection from its creditors, unable to keep up with debt payments after the pandemic shut its gyms for months.


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Iraq’s top Shiite cleric backs early parliamentary elections

BAGHDAD – Iraq’s top Shiite cleric on Sunday threw his support behind the prime minister’s announcement that parliamentary elections will be held ahead of schedule next year, saying the timing should not serve the interests of political groups.

Grand Ayatollah Ali al-Sistani’s comments came in a statement released by his office after a meeting with the U.N. envoy to Iraq, Jeanine Hennis-Plasschaert. A photo released by al-Sistani’s office showed the black-turbaned cleric meeting with the U.N. envoy and an interpreter.

Sunday’s meeting was the first public face-to-face between al-Sistani and a foreign official since the spread of coronavirus in Iraq earlier this year. The country is one of the hardest-hit by the virus in the region, with nearly 300,000 confirmed cases and more than 7,900 deaths.

It is also the first such meeting since al-Sistani, 90, underwent surgery for a fractured bone in January.

In August, Iraqi Prime Minister Mustafa

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