SPORTS CLUB CO INC
8-K, 1998-02-03
MEMBERSHIP SPORTS & RECREATION CLUBS
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<PAGE>   1
                       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) FEBRUARY 2, 1998

                          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 3

                          Index of Exhibits on Page 3.
<PAGE>   2
ITEM 5.        OTHER EVENTS.

        On January 20, 1998, Registrant announced it has terminated negotiations
regarding the acquisition of 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 January 20, 1998



                                    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

                                February 2, 1998














                                  Page 2 of 3.
<PAGE>   3
                                  EXHIBIT INDEX
<TABLE>
<CAPTION>
ITEM                           DESCRIPTION                                 PAGE
- ----                           -----------                                 ----
<S>              <C>                                                        <C>
7(c)(1)          Press Release dated January 20, 1998                         4
</TABLE>

























                                  Page 3 of 3.

<PAGE>   1
                      [THE SPORTS CLUB COMPANY LETTERHEAD]




                                  NEWS RELEASE



FOR IMMEDIATE RELEASE           CONTACT: JOHN M. GIBBONS
                                         PRESIDENT AND
                                         CHIEF OPERATING OFFICER
                                         (310) 479 - 5200




                     THE SPORTS CLUB COMPANY, INC. ANNOUNCES
                   TERMINATION OF ACQUISITION DISCUSSIONS FOR
                      LOS CABALLEROS RACQUET & SPORTS CLUB



LOS ANGELES, CA (January 20, 1998) -- The Sports Club Company, Inc. (AMEX: SCY)
today announced that it has terminated negotiations regarding the acquisition by
The Sports Club Company of the Los Caballeros Racquet & Sports Club in Fountain
Valley, California.

The Sports Club Company operates fourteen upscale health and fitness clubs under
The Sports Club and Spectrum club names.

                                     # # # #


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