Copyright theage
“They don’t run a business like I do, and I’m not willing to sacrifice tens of millions of dollars for someone else to potentially ruin my reputation in business. However, now that it’s gone into administration, I wouldn’t be opposed to buying the whole f---ing lot.” On Thursday, The Age revealed Derrimut’s founder Nick Solomos had appointed an administrator to the largest company within the fitness empire. In an all-staff missive, employees were told it was business as usual for the gym chain, which is estimated to have racked up nearly $30 million in debts. Stephen Dixon, partner of HM Advisory, has been appointed administrator, according to documents filed with the corporate regulator on Thursday.
