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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 3, 1999
THE SPORTS CLUB COMPANY, INC.
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<S> <C> <C>
Delaware 1-13290 95-4479735
(State or other jurisdiction of (Commission File Number) (I.R.S. Employer Indentification
incorporation) No.)
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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
Index of Exhibits on Page 2
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Page 2 of 2
ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On December 3, 1999, the Company concluded the sale of its successful
Spectrum Clubs, a group of ten athletic clubs in southern California, to
investment group Brentwood Associates.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(b) Pro forma financial information
The Company will file a Form 8-K/A within the required sixty day
period and include all financial information required by Article 11 of
Regulation S-X.
(c) Exhibits
1. Press Release dated December 6, 1999.
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
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Timothy O'Brien
Chief Financial Officer
DECEMBER 16, 1999
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EXHIBIT 99.1
[THE SPORTS CLUB COMPANY LOGO]
FOR IMMEDIATE RELEASE: CONTACT: JOHN M. GIBBONS
CEO AND PRESIDENT
310-479-5200
THE SPORTS CLUB COMPANY COMPLETES
SALE OF ITS SPECTRUM CLUBS
COMPANY FOCUSING ON NATIONWIDE EXPANSION OF THE SPORTS CLUB/LA
Los Angeles, CA (December 6, 1999) - The Sports Club Company, Inc. (AMEX: SCY)
today announced it has completed the sale of its Spectrum Clubs, a group of ten
athletic clubs in Southern California, to investment group Brentwood Associates.
Brentwood, or an affiliate, will continue to operate the clubs under the
Spectrum Club name with current club personnel.
"The sale allows us to focus on the development and expansion of our premier
brand, The Sports Club/LA and emphasizes our commitment to the upscale segment
of the sports and fitness market," stated John M. Gibbons, CEO of The Sports
Club Company. The Sports Club/LA has opened presale membership offices in New
York at Rockefeller Center and on the Upper East Side of Manhattan at 61st
Street and First Avenue. Both Clubs will open in early 2000. In addition, the
Company is scheduled to complete development of its luxury sports clubs in
Washington, D.C., Boston, San Francisco and Houston within the next two years.
A leader in the sports and fitness industry since 1979, The Sports Club Company
develops, owns and operates luxury sports and fitness complexes throughout the
country, including its flagship property The Sports Club/LA in Los Angeles, and
Reebok Sports Club/NY in Manhattan.
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