• Loading stock data...
Wednesday, August 27, 2025
Front Office Sports Honors winners are here! View the 2025 winners
Law

Reported $300M Lawsuit Against iFIT Could Lead To Bankruptcy

  • One iFIT’s lenders, Pamplona Capital Management, filed a potentially fatal lawsuit against it, according to The New York Post.
  • The fitness brand could file for bankruptcy.
NordicTrack/Design: Alex Brooks

Peloton isn’t the only at-home fitness company facing major financial dilemmas — so is rival iFIT Health and Fitness, which sells NordicTrack products.

One of the company’s lenders, Pamplona Capital Management, filed a lawsuit against iFIT over an agreement iFIT made with a China-based manufacturer, according to The New York Post. The reported $300 million lawsuit could cause the company to file for bankruptcy.

  • The lawsuit comes shortly after the company canceled an IPO which could have raised around $650 million.
  • Like Peloton — whose struggles were partially due to a drop in demand for at-home fitness — iFIT is reportedly hemorrhaging money.

From Good To Bad

Just a few short months ago, when the company had filed for an IPO, things were looking up for iFIT — or at least they appeared to be. 

In the fiscal year 2021, iFIT generated $1.7 billion in revenue, a major bump from the previous year, when the brand garnered $851.7 million. It had even expanded its portfolio, acquiring Sweat and 29029.

Previous trips to court haven’t sunk the company, either. iFIT has been embroiled in several lawsuits over the past couple of years, being sued by and countersuing Peloton.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Former Tennis Channel CEO Sues Sinclair Over Voided 8-Figure Payday

The former network executive cites a financial pretext to his firing.
Pat Fitzgerald

Pat Fitzgerald, Northwestern Settle Lawsuit Over Firing

Fitzgerald has insisted he had no knowledge of hazing on the team.
Chad Ochocinco

Shannon Sharpe, Chad Ochocinco Settle $20 Million Defamation Suit 

It’s the second multimillion-dollar lawsuit Sharpe has settled in recent weeks.

Featured Today

‘You’re Going to Get Beat Up’: The Liberty’s All-Male Practice Squad

A select group suits up weekly to take on the defending champs.
August 24, 2025

The Honey Deuce Effect: How Tennis Perfected the Signature Cocktail

Sold every 1.5 seconds, they total more than $12 million in sales.
Dec 21, 2024; Austin, Texas, USA; Texas Longhorns quarterback Arch Manning (16) warms up as the Texas Longhorns prepare to play the Clemson Tigers in the first round of the College Football Playoffs at Darrell K Royal Texas Memorial Stadium.
August 23, 2025

Schools Are Hesitant to Allow PE Into Their Athletic Departments

Regardless of budget, schools don’t believe the risk is worth the reward.
Oct 2, 2024; Rosemont, IL, USA; Big Ten commissioner Tony Petitti speaks with the media during the 2024 Big Ten Women’s Basketball media day at Donald E. Stephens Convention Center.
August 22, 2025

‘Not Ready to Jump In’: Power 4 Commissioners Aren’t Sold on PE

Top leaders in college sports have yet to see a satisfactory proposal.
Babe Ruth

Man With Babe Ruth’s Name Charged With MLB Identity Thefts

George Herman Ruth, 69, used hundreds of false names and Social Security numbers.
Jun 11, 2025; Eugene, OR, USA;A NCAA logo flag at the NCAA Track and Field Championships at Hayward Field.
August 15, 2025

Transgender Runner Sues Swarthmore, NCAA Over Ban

The suit says state and federal law supercede the NCAA’s transgender policy.
Miami Heat logo
August 20, 2025

Former Heat Security Guard Pleads Guilty to Stealing Team Memorabilia

Prosecutors say he stole game-worn jerseys and sold them online for millions.
Sponsored

Building A Pro League From Scratch

Front Office Sports and Gainbridge® spotlight what it takes to build a professional women’s soccer league.
Jan 13, 2025; Glendale, AZ, USA; Minnesota Vikings defensive coordinator Brian Flores against the Los Angeles Rams during an NFC wild card game at State Farm Stadium.
August 14, 2025

Brian Flores Discrimination Suit Against NFL Can Go to Trial, Court Says

An appeals court ruled the NFL cannot compel Flores into arbitration.
Feb 14, 2025; Oakland, California, USA; Denver Nuggets mascot Rocky the Mountain Lion gestures in front of Terrell Owens (81) of Team Rice during the celebrity game ahead of the 2025 NBA All Star Game at Oakland Arena.
August 14, 2025

Former Nuggets Mascot Sues Team for Wrongful Termination

Drake Solomon says he returned from hip surgery to a “hostile work environment.”
Jan 11, 2025; Baltimore, Maryland, USA; Baltimore Ravens quarterback Lamar Jackson (8) passes the ball against the Pittsburgh Steelers in an AFC wild card game at M&T Bank Stadium.
August 13, 2025

Lamar Jackson Drops No. 8 Fight Against Troy Aikman

He filed a complaint with the USPTO in July 2024 against Aikman.
Jon Gruden
August 11, 2025

Jon Gruden Wins Fight With NFL Over Email Leak Arbitration

Gruden wants his fight against the NFL to play out in court.