Parents Featured New trend in gym ownership? (The Business Side Of Gymnastics / Powers Gymnastics)

[jamieintexas]

So Powers says that they own 16 gyms, we can only name 12. Is anyone else dying to know the other 4?

 

[unsaltedregards]

They just cut the boys team at Capital, and gave the coaches that are left 20% raises. Xcel/DP seem safe, for now.

Is this Capital Gymnastics outside of Austin?

 

[GymnastMomX2]

Is this Capital Gymnastics outside of Austin?

Yes

 

[Muma]

I haven't heard of or seen any changes in our area. Are the gyms still under their original names or switched to Power Gymnastics?

Yes. They keep the name of original gym.

 

[Peejflow]

The elite coaches and some of those training hopes/elite from FIF moved to Bull City. That’s HOW Bull city recently started doing elite training. Because the coaches and gymnasts moved there (plus new ones from Bull City of course) But like you said, they aren’t exactly close.

Interesting to hear that the coaches were able to move. Our coaches were given a Non Compete agreement to sign. We are in fear that they won’t be able to coach anywhere else.

 

[mom2newgymnast]

Interesting to hear that the coaches were able to move. Our coaches were given a Non Compete agreement to sign. We are in fear that they won’t be able to coach anywhere else.

I am definitely not in the know about what went down between those gyms, but I think this arrangement was different than what you are talking about. Powers bought both gyms and I think (again just speculating here) that it was almost more like they were transferred there. Someone can correct me if I am wrong though?

 

[GymnastMomX2]

I think Powers bought one gym, closed it, and transferred the coaches to another gym they owned(Bull City).

 

[Peejflow]

Similar situation here in Central Texas. Bought two different gyms, shut down the competitive programs with 5 days notice at one. Transferred one of those coaches to our gym but she has since quit. They closed the other gym after a few months.