

That Inter didn't let those absences check their stride is another glowing endorsement of the job Pioli is doing. These are games you'd expect a team of Inter's standing and ambition to win, but they were without suspended captain and top scorer Mauro Icardi for both and fellow match-winner Ivan Perisic for one as both served bans picked up in the Derby d'Italia.

Impressively, Inter have bounced straight back from that disappointment, claiming back-to-back wins against Empoli and Bologna. Looking at the calendar, Pioli must have put this up after the narrow defeat to Juventus in Turin three weeks ago, a game that Max Allegri compared (on account of the performance of both teams) to a "Champions League semifinal." There is also the solution and a statement of encouragement, underlining Pioli's belief in this team. Printed on them is a problem, posing a challenge to the players. The most famous of these was his winning formula: "Class + Preparation + Fitness + Intelligence = THE TITLE." Last week, pictures emerged from inside Inter's gym at Appiano Gentile, showing that Stefano Pioli has maybe taken some inspiration from il Mago. When Helenio Herrera was manager of Inter in the 1960s, one of his famous innovations was to put messages up in the dressing room to motivate his players and focus their minds. Emilio Andreoli - Inter/Inter via Getty Images But it'll be tested against Roma, who are in equally good form. They've also sought to find a new industry to invest in, as retail has been roiled. TPG Growth acquired Crunch Fitness last year L Catterton has a stake in Soul Cycle-owner Equinox North Capital Partners owns SLT, Barry's Bootcamp and other brands.Whatever Pioli is doing at Inter is working. businesses, including The Related Companies' Stephen Ross, which owns Equinox.Ī hit to the gym industry comes as private equity investors have poured money into the space, looking to take advantage of recent trends in health. Trump has invited a number of high-ranking executives to advise him on plans to reopen U.S. The industry scored a victory this past week when the administration said gyms would be among the first to reopen business in a 3-phase plan, provided gyms "adhere to strict physical distancing and sanitation protocols." The recommendation to open gyms before school raised some eyebrows. Trade group International Health, Racquet & Sportsclub Association is pushing for expanded eligibility under the small business program, business interruption insurance and rent relief. In hopes of securing financial relief, the industry has stepped up its lobbying efforts in recent months, hiring multiple D.C.

Many fitness chains have sought to offer at-home options during the pandemic, but it is unclear how many will be able to generate revenue from those options at a scale large enough to compensate for what may be permanently lost gym memberships. "Bars and gyms fall squarely in that category." "We need to limit indoor activities that are purely recreational, especially those where there are a lot of shared surfaces that can be contaminated," said former FDA Commissioner Dr. Scott Gottlieb. There remain questions as to how many people will be comfortable working out in a crowded environment. Even after gyms reopen, mounting unemployment may mute appetite for excess costs like gym membership. Its struggles are emblematic of broader challenges and questions the fitness industry must face. It has said it would suspend all membership billings effective this week if it was unable to reopen its clubs. Spokespeople for Lazard and Weil, Gotshal & Manges as well as 24 Hour Fitness did not respond to requests for comment. The people, who requested anonymity because the information is confidential, cautioned that bankruptcy is not definite, and may still be avoided. It is controlled by AEA Investors, which acquired it through a $1.8 billion deal with Fitness Capital Partners and Ontario Teachers' Pension Plan in 2014. San Ramon, California-based 24 Hour Fitness had roughly $1.5 billion in sales in 2019, and less than $1 million in cash, according to Moody's. It has an $837 million term loan with a so-called springing maturity in March 2022 and $500 million in unsecured notes maturing in June 2022, if more than a fifth of those notes remain outstanding.
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Credit ratings agency Moody's recently downgraded the chain over worries around its "negative membership trends, very high-interest burden and negative free cash flow prior to the coronavirus outbreak, as well as approaching maturities to provide limited flexibility to manage through the crisis."
