Corporate Fighter, a popular boxing gym in Surry Hills, has permanently closed its doors after five years of operation, leaving staff jobless and clients questioning the fate of charitable donations.
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The gym, which had been operating from Wentworth Avenue since 2019, ceased operations on 8 May 2024. Days before the closure, clients reportedly received an email citing “financial challenges” as the reason for the shutdown. The company’s website and social media accounts are no longer accessible.
Corporate Fighter was known for organising amateur boxing tournaments that purportedly raised money for charity. These events typically featured 30-40 tables, each selling for $2,000-$3,000. However, in the wake of the closure, clients are now demanding answers about the whereabouts of hundreds of thousands of dollars in donations.
One client, who had been training at the gym daily for about three months, claimed to have lost approximately $16,000 with no mention of a refund from the owners. The gym’s abrupt closure has left many members in financial limbo.
Accounting firm PKF Melbourne is reportedly acting as the company’s receivers, tasked with managing affairs to pay off debts. However, the exact amount of money that actually reached charitable causes remains unclear.
The closure has not only impacted clients financially but has also resulted in job losses for the gym’s staff. Corporate Fighter’s final communication thanked former clients and apologised for the situation.
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As investigations into the financial dealings of Corporate Fighter continue, many are left wondering about the transparency of charitable boxing events and the accountability of businesses handling donations.
Published 26-June-2024
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