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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 200549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF
THE SECURITIES ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) DECEMBER 12, 1997
THE SPORTS CLUB COMPANY, INC.
Delaware 1-13290 95-4479735
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Indentification No.)
11100 Santa Monica Boulevard, Suite 300
Los Angeles, California 90025
(address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (310) 479-5200
(Former name or former address, if changed since last report.) Not applicable
Page 1 of 4 pages
Index of Exhibits on Page 3.
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ITEM 5. OTHER EVENTS.
On December 11, 1997, Registrant announced it has entered into a letter
of intent to acquire the Los Caballeros Racquet & Sports Club located in
Fountain Valley, California in a Press Release attached as an exhibit hereto.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of business acquired. Not Applicable
(b) Pro Forma Financial Information None
(c) Exhibits Press Release
dated December 11, 1997
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed by the undersigned hereunto
duly authorized.
THE SPORTS CLUB COMPANY, INC.
By: /s/ Timothy O'Brien
-----------------------------------
Timothy O'Brien
Chief Financial Officer
December 12, 1997
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EXHIBIT INDEX
ITEM DESCRIPTION PAGE
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7(c)(1) Press Release dated December 11, 1997 4
Page 3 of 4.
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NEWS RELEASE
FOR IMMEDIATE RELEASE CONTACT: JOHN M. GIBBONS
PRESIDENT AND
CHIEF OPERATING OFFICER
(310) 479-5200
SPORTS CLUB COMPANY ANNOUNCES
LETTER OF INTENT TO ACQUIRE LOS CABALLEROS
RACQUET & SPORTS CLUB
LOS ANGELES, CA (December 11, 1997) -- The Sports Club Company, Inc. (AMEX:SCY)
today announced that it has entered into a letter of intent to acquire the Los
Caballeros Racquet & Sports Club, a 115,000 square foot fitness and racquet club
located in the Orange County community of Fountain Valley, California. The 6,800
member club generated revenues of approximately $3.4 million in its last fiscal
year.
John M. Gibbons, President and Chief Operating Officer, stated, "The Los
Caballeros Racquet & Sports Club is one of the largest fitness and racquet
facilities in California and compliments our expansion plan in Orange County. We
expect the acquisition to be accretive to earnings in fiscal 1998 and to close
on or before January 31, 1998."
The Sports Club Company operates upscale health and fitness clubs under the
Sports Club and Spectrum Club names.
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