safety standards, as keeping everyone safe and healthy will be a foremost priority.”“We look forward to creating a great experience for our members, engaging through our team members and building a comfortable and safe space for our fitness communities,” he says in a release.VANCOUVER (NEWS 1130) — Steve Nash Fitness World & Sports Clubs has been bought out by a group of investors after the fitness giant laid off all staff amid the pandemic.Please confirm the information below before signing up.You have activated your account, please feel free to browse our exclusive contests, videos and content.This comes after the fitness giant laid off all of its staff during the pandemicA group of investors has brought Steve Nash Fitness World & Sports ClubsShortly after the clubs closed, an email was sent to the company’s employees saying it tried exploring options to protect workers during the pandemic, but given the indefinite closures at the time, terminated all staff.The company has 24 locations in B.C. NBA rules regulate the extent to which franchise owners can be in business with players, and Nash was with the Los Angeles Lakers at the time.Nash was twice named the NBA's most valuable player over his nearly two decades with the league, becoming the first Canadian to receive the award.Two-time NBA most valuable player Steve Nash is introduced into the Suns Ring of Fire at halftime of an NBA basketball game between the Phoenix Suns and the Portland Trail Blazers in Phoenix, Friday, Oct. 30, 2015. Supreme Court, asserting that it retained the legal right to use what it calls the "Nash endorsement" after parting ways with its famous frontman in 2014."SNFW has and continues to suffer loss, damage and expense, including but not limited to damage to reputation and the cost of rebranding the SNFW business in the context of ... Nash's public repudiation of the Nash endorsement," says the counter lawsuit, which was filed in late 2016.Nash's Arizona-based company, B & L Holdings, filed a lawsuit against SNFW Fitness in October, accusing it of illegally using Nash's brand after his relationship with two business partners fell apart two years earlier.None of the allegations have been proven in court and none of the parties named in the legal actions responded immediately to requests for comment.The original notice of civil claim filed by B & L Holdings says the company gave permission in 2006 for the unlimited use of Nash's name and image to a firm responsible for running a pair of Steve Nash Fitness Clubs.The lawsuit claims that Nash has not received any compensation for the use of his name and personal brand since he sold his shares evenly to Mastrov and Schlemm in 2014.Both sides are seeking unspecified damages and costs as part of the lawsuit.VANCOUVER - A chain of fitness clubs accused of using Steve Nash's name without permission is going on the offensive and suing the former basketball superstar's company for allegedly damaging its reputation.It says B & L Holdings received $1,871,180 in exchange for Nash's shares.The document says the legal agreement was transferred through several companies, precipitated in part by Mastrov's purchase of an ownership interest in the Sacramento Kings. Global News obtained a letter sent to staff on March 17 from SNFW president and CEO Chris Smith, which said because of the COVID-19 crisis and resulting restrictions on gatherings, all 24 locations in B.C. Steve Nash Fitness World terminated all of its B.C. Global News did not receive a response to multiple requests for the company for comment on the matter, including questions regarding severance and final pay as well as membership refunds.“It’s like, what am I going to do now? Am I going to be able to teach again still?”None of the allegations have been proven in court.“The indefinite closure of our clubs (all brands & the CSC) due to the COVID-19 pandemic has resulted in many difficult decisions for the company,” the letter reads.Nash himself is no longer affiliated with the company.Derek Ralphs says he started as an instructor at Fitness World in 1988. Many of you are closely watching the evolving Coronavirus (COVID-19) situation here in BC. 3 months ago I see alot of hate for memberships and cancellations. Enter your email below and we'll send you another email.Subscribe to NEWS 1130 newslettersFor members, payments have been put on pause since March, when the clubs were all closed down.Posted Jun 16, 2020 6:27 pm PDTI understand that I can withdraw my consent at any timeChris Smith will remain on as the CEO, and says there are plans to rebrand the clubs in the coming weeks.According to Smith, monthly payments will remain the same, and those who purchased personal training passes, will still be able to use them.Smith adds there is a push to reopen the numerous clubs as quickly as possible while continuing to follow COVD-19 guidelines.“The new ownership team understands there are many questions that remain unanswered and we look forward to welcoming people back into the clubs as quickly and safely as possible as we work through Covid-19 reopening protocols,” he says.
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