Fitness First owner Whelan plots rent cuts in showdown with landlords

Sportswear tycoon Dave Whelan is heading for a showdown with landlords over plans for a financial restructuring of his Fitness First gyms empire that would involve site closures and steep rent cuts. Under different ownership, Fitness First had previously shed dozens of struggling UK clubs through a CVA in 2013. The use of a restructuring plan rather than a CVA to implement its latest overhaul could prove controversial among affected landlords. Earlier this month, Teneo was appointed administrator to Fitness First (Curzons) Limited, a company affiliated to the wider group. More from Sky News.