- 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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The parent companies behind UFC Gym Australia have collapsed, following a damning court judgement which ordered the owners to pay over $5 million back to disgruntled franchisees.
A trio of parent companies for UFC Gym Australia, a mixed martial arts gym franchise founded in 2009 with fitness centres in Sydney, Melbourne, Perth and the Gold Coast, went into voluntary administration on May 23.
It comes just a day after the gym’s parent company was ordered to pay over $5 million to three franchise owners after a messy four-year legal battle, according to news.com.au.
UFC Gym Australia is a mixed martial arts gym franchise founded in 2009
The day after taking over the company the administrators shut down its Parramatta branch, in western Sydney
A court found the company and its directors had ‘engaged…