<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------
SCHEDULE 13G
INFORMATION STATEMENTS PURSUANT TO RULES 13d-1 and 13d-2
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Bally Total Fitness Holding Corporation
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
--------------------------------------------------------------------------------
(Title of Class of Securities)
05873K108
------------------------------
(CUSIP Number)
<PAGE>
CUSIP No. 05873K108 13G Page 2 of 10 Pages
===============================================================================
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
HIGHFIELDS CAPITAL MANAGEMENT LP
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
DELAWARE
------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,504,350
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,504,350
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,504,350
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.3%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
PN
------------------------------------------------------------------------------
<PAGE>
CUSIP No. 05873K108 13G Page 3 of 10 Pages
===============================================================================
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
HIGHFIELDS GP LLC
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
DELAWARE
------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,504,350
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,504,350
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,504,350
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.3%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
OO
------------------------------------------------------------------------------
<PAGE>
CUSIP No. 05873K108 13G Page 4 of 10 Pages
===============================================================================
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
JONATHON S. JACOBSON
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
UNITED STATES
------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,504,350
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,504,350
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,504,350
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.3%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
------------------------------------------------------------------------------
<PAGE>
CUSIP No. 05873K108 13G Page 5 of 10 Pages
===============================================================================
------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
RICHARD L. GRUBMAN
------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
2 (a) [_]
(b) [_]
------------------------------------------------------------------------------
SEC USE ONLY
3
------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
UNITED STATES
------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 1,504,350
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
--0--
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 1,504,350
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
--0--
------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
1,504,350
------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
10 [_]
------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
11
6.3%
------------------------------------------------------------------------------
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
12
IN
------------------------------------------------------------------------------
<PAGE>
CUSIP No. 05873K108 13G Page 6 of 10 Pages
===============================================================================
ITEM 1 (a). NAME OF ISSUER:
Bally Total Fitness Holding Corporation
ITEM 1 (b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
8700 West Bryn Mawr Avenue, Chicago, IL 60631
ITEM 2 (a). NAME OF PERSON FILING:
This statement is being filed by the following persons with
respect to the shares of common stock of the Issuer directly owned
by Highfields Capital I LP, Highfields Capital II LP and
Highfields Capital Ltd. (collectively, the "Funds"):
(i) Highfields Capital Management LP, a Delaware limited
partnership ("Highfields Capital Management") and
Investment Manager to each of the Funds,
(ii) Highfields GP LLC, a Delaware limited liability company
("Highfields GP") and the General Partner of Highfields
Capital Management,
(iii) Jonathon S. Jacobson, a Managing Member of Highfields GP,
and
(iv) Richard L. Grubman, a Managing Member of Highfields GP.
Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr.
Grubman are sometimes individually referred to herein as a
"Reporting Person" and collectively as the "Reporting Persons."
ITEM 2 (b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
Address for Highfields Capital Management, Highfields
GP, Mr. Jacobson and Mr. Grubman:
c/o Highfields Capital Management LP, 200 Clarendon Street,
Boston, Massachusetts 02117
<PAGE>
CUSIP No. 05873K108 13G Page 7 of 10 Pages
ITEM 2 (c). CITIZENSHIP:
Highfields Capital Management - Delaware
Highfields GP - Delaware
Richard L. Grubman - United States
Jonathon S. Jacobson - United States
ITEM 2 (d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2 (e). CUSIP NUMBER:
05873K108
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) [_] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [_] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to Rule 13d-1(c), check this box. [X]
<PAGE>
CUSIP No. 05873K108 13G Page 8 of 10 Pages
ITEM 4 OWNERSHIP.
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1
(b)(2), if applicable, exceeds five percent, provide the following information
as of that date and identify those shares which there is a right to acquire.
For Highfields Capital Management, Highfields GP, Mr. Jacobson and Mr. Grubman:
(a) Amount beneficially owned:
1,504,350 shares of Common Stock
(b) Percent of class:
6.3%
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote 1,504,350
(ii) Shared power to vote or to direct the vote --0--
(iii) Sole power to dispose or to direct the disposition of
1,504,350
(iv) Shared power to dispose or to direct the disposition of --0--
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
The shares to which this filing by Highfields Capital Management,
Highfields GP, Mr. Jacobson and Mr. Grubman relates are
beneficially owned by the Funds, each of which has the power to
direct the dividends from or the proceeds of the sale of the
shares owned by such Fund and none of which owns 5% or more of the
securities to which this filing pertains. Highfields Capital
Management serves as the Investment Manager to each of the Funds.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
<PAGE>
CUSIP No. 05873K108 13G Page 9 of 10 Pages
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
Not applicable.
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
<PAGE>
CUSIP No. 05873K108 13G Page 10 of 10 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
July 28, 2000
-------------
Date
HIGHFIELDS CAPITAL MANAGEMENT LP
By: Highfields GP LLC,
its General Partner
/s/ Kenneth H. Colburn
----------------------------------
Signature
Kenneth H. Colburn, Authorized Signatory
----------------------------------------
Name/Title
HIGHFIELDS GP LLC
/s/ Kenneth H. Colburn
----------------------------------
Signature
Kenneth H. Colburn, Authorized Signatory
----------------------------------------
Name/Title
JONATHON S. JACOBSON
/s/ Kenneth H. Colburn
----------------------------------
Signature
Kenneth H. Colburn, Attorney-in-Fact
----------------------------------------
Name/Title
RICHARD L. GRUBMAN
/s/ Kenneth H. Colburn
----------------------------------
Signature
Kenneth H. Colburn, Attorney-in-Fact
----------------------------------------
Name/Title
