Adrian Portelli Steps In to Rescue Troubled Derrimut Gyms
Billionaire businessman Adrian Portelli has confirmed plans to back Derrimut 24:7 Gym, stepping in as the fitness chain faces mounting debt and branch closures. The move has sparked wide interest as members and staff look for reassurance about the brand’s future.
Adrian Portelli and the Takeover Talks
Known as the “Lambo Guy,” Adrian Portelli announced he is negotiating to take control of Derrimut gyms. His priority is to stabilize operations, address member concerns, and resolve financial disputes. Portelli stressed he is not seeking rapid expansion but instead wants to restore the company’s reputation.
Key areas of focus:
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Settling debts with the Australian Taxation Office
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Improving facilities, particularly hygiene standards
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Supporting staff retention after heavy workforce losses
Derrimut’s Debt and Legal Battles
The chain is currently facing a $12.53 million tax debt. A Federal Court hearing on the matter was delayed until October 10, 2025. Founder Nikolaos Solomos admitted to payment delays and staff turnover but promised corrective action.
Recent Branch Issues
| Location | Status/Issue | Amount Owed |
|---|---|---|
| Noarlunga | Closed mid-workout over unpaid rent | $32,000 |
| Angle Vale | Closed by landlord | Not disclosed |
| Shepparton | Closed due to arrears | Not disclosed |
| Munno Para | Facing eviction before opening | $54,000 |
| Melrose Park | Court case over repeated lease defaults | Ongoing |
What This Means for Members
For gym-goers following the latest Derrimut gym news, Portelli’s involvement could ensure stability. By addressing debts, reopening sites, and improving conditions, the new backing may protect memberships and prevent further closures.
If successful, the move would mark a major turnaround for Derrimut, offering a lifeline to staff and customers alike.
