Financial troubles hit the Mystic Indoor Tennis in Old Mystic.
The company’s owner, Sports & Wellness LLC has filed for Chapter 11 bankruptcy protection. So what does this mean for you if you have a match planned? The club says nothing: it’s planning to remain open and its game on.
The Day is reporting that rumors had been swirling in the tennis community that the club might close down, but its manager says the club has been making money for the past five years, and that it is the other tennis clubs in the Sports & Wellness group that have led to financial problems.
The manager of the club said employees have continued to be paid. The problem has been a lack of payment for outside contractors who have done work at the club.
Local
Chapter 11 bankruptcy filings are made when owners plan to attempt reorganizing business operations.
