Billionaire Adrian Portelli negotiates to buy stake in Derrimut Gym

theage.com.au [$]

Billionaire Adrian Portelli is negotiating to buy a stake in the embattled Derrimut Gym empire, potentially saving it from liquidation. Portelli, known as "Lambo Guy," aims to help pay off debts, retain 800 employees, and keep gyms open for hundreds of thousands of members. Derrimut faces liquidation over $15 million in tax debts, with its owner allegedly withdrawing millions for personal use while businesses and staff went unpaid.


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Billionaire Adrian Portelli negotiates to buy stake in Derrimut Gym | News Minimalist