---
title: "Bankruptcy Court Greenlights Blink Fitness Sale to PureGym"
url: https://burnaze.com/article/2ee64a4b-a37a-4ceb-8779-f2f66f474dc8
source: "Athletech News"
original_url: https://athletechnews.com/bankruptcy-court-greenlights-blink-fitness-sale-to-puregym/
author: "Courtney Rehfeldt"
category: "Gym & HVLP"
industry: "Fitness"
segment: "Gym & HVLP"
topics: ["Finance & M&A","Regulation & legal"]
published: 2024-12-03T18:10:52.000Z
modified: 2026-10-31T17:34:36.520Z
image: https://athletechnews.com/wp-content/uploads/2024/08/MOBILE-LANDSCAPE-e1730405184430.webp
---

# Bankruptcy Court Greenlights Blink Fitness Sale to PureGym

**TL;DR:** The United States Bankruptcy Court for the District of Delaware has approved the sale of Blink Fitness' corporate operations and New York and New Jersey locations to PureGym for $121 million. The court also approved the sale of Blink's Chicago, Houston, and California gyms to an affiliate of JTRE Holdings LLC.

*By Courtney Rehfeldt, originally published in Athletech News on 2024-12-03. [Read the original](https://athletechnews.com/bankruptcy-court-greenlights-blink-fitness-sale-to-puregym/).*

## Key facts

- Blink Fitness sold to PureGym for $121 million
- PureGym gains  New York and New Jersey locations
- Blink's Chicago, Houston, and California gyms sold to JTRE Holdings LLC

## Story

The United States Bankruptcy Court for the District of Delaware has given Blink Fitness the green light to offload its corporate operations and New York and New Jersey locations to PureGym, one of the U.K.’s leading fitness operators, in a $121 million cash deal.

The court also approved the sale of Blink’s Chicago, Houston, and California gyms to an affiliate of JTRE Holdings LLC, although the agreement doesn’t include Blink’s franchised locations. Both deals are expected to close later this year.

“We are pleased to have reached another milestone in our sale process, and look forward to emerging an even stronger business, under new ownership that believes in the value of our mission,” Blink Fitness president and CEO Guy Harkless said. “We are excited to continue our work to position the business and various gyms for long-term success as we remain focused on providing members with an inclusive, community-focused gym experience. I’d like to reiterate my thanks to each member of Blink Nation, who go the extra mile every day, providing members with an elevated gym experience.”

## Market demand growth

The Blink Fitness deal gives PureGym an edge at a time when demand for affordable gyms has intensified, especially among young fitness consumers looking for flexible hours and classes. Of particular note, high-value, low-price gym giant Planet Fitness reportedly submitted a last-minute bid for Blink Fitness after its initial offer was rejected due to antitrust concerns.

Since its 2009 launch, PureGym has grown to 600+ gyms, roughly 2 million members and already has a presence in the U.S. with three locations under the Pure Fitness brand. PureGym also operates corporate-owned locations in the U.K., Denmark, and Switzerland, as well as 20 sites under a franchise partner in Saudi Arabia and the UAE.

## Puregym expansion plans

PureGym CEO Humphrey Cobbold noted that the fitness operator is looking forward to working with Blink Fitness to deliver a “fantastic fitness experience” for members.

“It is also the right moment to pay tribute to the PureGym team who have been involved in our acquisition of Blink Fitness,” he added. “In getting to this point our team has worked tirelessly over the last few months, with great professionalism and dedication, and I pay tribute to the role they have played in what is a transformational moment for PureGym in the USA.”

## Entities

- Fitness (sector)
- Athletech News (publication)
- fitness industry (topic)
- private equity (topic)
- Courtney Rehfeldt (person)
- Planet Fitness (company)
- gym expansion (topic)
- Blink Fitness (company)
- PureGym (company)
- bankruptcy sale (topic)
- PureGym acquisition of Blink Fitness (deal)
- Guy Harkless (person)

---
Originally reported by Courtney Rehfeldt, Athletech News (https://athletechnews.com/bankruptcy-court-greenlights-blink-fitness-sale-to-puregym/). Summarized by Burnaze (https://burnaze.com/article/2ee64a4b-a37a-4ceb-8779-f2f66f474dc8).