Oct 1, 2001
New Management for Gold's Gym International
The Galiani brothers step down. Gene LaMott steps up.
VENICE, Calif. — The brothers behind the 1999 acquisition of Gold's Gym have relinquished their management positions with the company. Kirk and John Galiani — CEO/president and president of corporate development, respectively — will remain on the board of Gold's Gym International (GGI) as the company's largest individual shareholders, but they have given up their executive roles. Instead, they will now concentrate on building and running clubs.
Good find...I could not recall the exact year it was sold, so 1999 is it, with 2001 being the year it resold to TRT.
Now that you posted that I do recall 1999/2000 as the year that Gold's lost over 150 gyms because of the changes that were made after the sale. Gold's San Diego, the third gym in the chain, switched over to World Gym that year (1999/2000).
Kirk and John Galiani didn't know what the fuck they were doing and just screwed the whole Gold's system up. They lost serious $$$$$ when they sold out. Ed Connros should have bought the gym back.
