Coolmore trio to sell fitness chain

A CHAIN of fitness centres owned by John Magnier, JP McManus and Dermot Desmond is expected to be put up for sale this week.

Next Generation Clubs is expected to send out an information memorandum to potential bidders in the coming days with a price tag of at least €300 million needed to clinch the deal.

The Irish trio, along with bloodstock millionaire Michael Tabor, own more than 60% of Next Generation Clubs, which operates 16 fitness centres across Britain.