- Parent companies of UFC Gym Australia go into voluntary administration
- Court had ordered owners to pay $5 million to disgruntled franchisees
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UFC Gym Australia and New Zealand, once boasting over 10 fitness centres in Sydney, Melbourne, Perth, and the Gold Coast, has been court-ordered to go into liquidation.
Based on filings with the corporate regulator, it has been revealed that the company’s collapse has left a total of 62 creditors, collectively owed $15.6 million.
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A spokesperson for UFC Gym said that the setback would solely affect the main headquarters and would not have any repercussions on the gym’s franchises.
‘It was a difficult decision which only impacts head office,’ they told news.com.au. ‘It has no implications for operations.’
UFC Gym Australia is a mixed martial arts gym franchise founded in 2009
