Gym at Victoria Retail Park in Netherfield saved as part of £44m deal with Sports Direct tycoon Mike Ashley

 Gym at Victoria Retail Park in Netherfield saved as part of £44m deal with Sports Direct tycoon Mike Ashley

PICTURED: DW Sports at Victoria Retail Park

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The DW Sport Fitness gym in Netherfield will remain open after Mike Ashley’s Frasers Group acquired parts of the chain from administration in a deal worth up to £44 million.

In an email to members, it was confirmed that the gym on Victoria Retail Park will be included in the deal with Ashley, which was announced today

The email, which has been seen by Gedling Eye read: “Further to the appointment of Graham Newton and Ryan Grant, partners in BDO LLP, as Joint Administrators of Dave Whelan Sports Limited (‘DW Sports’) on 3 August 2020, we are now in the position to announce that a sale of the company’s retail and leisure businesses as a going concern was completed to SDI Fitness (DW) Limited (‘SDI’), part of Frasers Group PLC, on 23 August 2020. 

“As a result of the sale, the gym at Netherfield will remain open and trading under new ownership and memberships will be automatically transferred to SDI with effect from 24 August 2020.

“Membership fees will be collected in the usual way towards the end of this month and further information regarding new arrangements with SDI will be shared during the course of September.”

DW Sports, which had run the gym and store in Netherfield, collapsed earlier this month, putting 1,700 jobs at risk after its income slumped during the coronavirus lockdown.

Sports Direct tycoon Mr Ashley’s company Frasers has now acquired some of the gym and fitness assets in a deal announced today.

Frasers said the gym and fitness parts of the business it had acquired would be developed under the Everlast brand that it already owns.

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1 Comment

  • As a former member of DW Fitness Mansfield am I right in assuming that the Mansfield Branch is to be permanently closed ????

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