Boxing gym chain Hustle Boxing has fallen into administration six years after opening its first branch.<\/p>\n
The boxing start-up was launched in 2019 by Tim McGann and Simon Maree with support by rich-list investors including pub mogul Arthur Laundy and Yellow Brick Road chairman Mark Bouris.<\/p>\n
Its first premises opened in Sydney’s Potts Point before expanding into the inner west with a gym in Newtown in April 2025.<\/p>\n
The Potts Point venue is listed on Google as “temporarily closed” while the Newtown gym is still listed as open.<\/p>\n
Hustle also opened a gym in Brisbane’s Fortitude Valley in a brief foray into Queensland before it went into liquidation in March 2024, ultimately causing the domino effect that has put the business into administration.<\/p>\n
The Brisbane gym shut down less than two years after opening, after running at a loss the entire time it was open, with the company owing $2 million to unsecured creditors.<\/p>\n
Most of the money owed was for trade creditors who worked on the gym’s high-spec fit-out, according to the liquidator’s report.<\/p>\n
Duncan Clubb and Andrew Sallway of audit and accounting organisation BDO have been appointed administrators\u00a0\u201cas a result of several unanticipated events that severely impacted the performance of the business\u201d.<\/p>\n
\u201cThe current intention of the VA is to preserve the business by way of sale or recapitalisation,\u201d a BDO statement said.<\/p>\n
\u201cIn this regard the business is continuing to trade as usual whilst the administrator explores these options.<\/p>\n
\u201cThe directors are actively working with the Administrator to support these goals.\u201d<\/p>\n
The Hustle Boxing website and its social media pages are still currently active, but the last post it shared on Instagram is from September.<\/p>\n
SkyNews.com.au has contacted Hustle Boxing for comment.<\/p>\n
According to the website, the Newtown gym offered several different pricing packages including a drop-in class for $39, three sessions for $79, , 10 class pack ($370), 20 class pack ($700), 30 class pack ($995) and a 50 class pack ($1560)<\/p>\n
It also featured kids’ boxing memberships at a cost of $20 per week while they could attend a casual class for $29.<\/p>\n
Hustle Boxing also sold merchandise on its website such as t-shirts with the brand name, tote bags and boxing gloves.<\/p>\n
When it opened, former NRL player Daniel Conn, boxer Ellice Whichello and fitness trainer Andrew Papadopoulos ran a combined 50-minute strength training session with full body exercises.<\/p>\n
Conn later stopped working for the business and ended up copping a 14 month conditional release order after pleading guilty to intimidation and stalking, destroying property and breaching an AVO over three incidents at the Potts Point gym.<\/p>\n","protected":false},"excerpt":{"rendered":"Boxing gym chain Hustle Boxing has fallen into administration six years after opening its first branch. The boxing…\n","protected":false},"author":2,"featured_media":338255,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[571],"tags":[6014,64,63,802,188167,14149,85],"class_list":["post-338254","post","type-post","status-publish","format-standard","has-post-thumbnail","category-boxing","tag-administration","tag-au","tag-australia","tag-boxing","tag-boxing-chain","tag-gym","tag-sports"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/338254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=338254"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/338254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/338255"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=338254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=338254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=338254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}