Blink Fitness Creditors Object to PureGym Sale After Higher Bid

The sale of Blink Fitness to British brand PureGym Ltd. faces a roadblock after a group of creditors of the bankrupt US gym chain objected to the result of an auction.

PureGym’s winning $121 million bid for Blink’s assets drew scrutiny from some creditors after an $142 million offer from a Planet Fitness franchisee, Supreme Orange LLC, emerged in the auction but wasn’t selected.

Blink, the low-cost offshoot of luxury-gym chain Equinox, filed for Chapter 11 protection in August. It’s among a number of gyms that went bankrupt in the wake of the pandemic.

The Planet Fitness-tied proposal “provides …