[null, null, {"document_url": "https://www.townsportsinternational.com/news-releases/news-release-details/ey-announces-patrick-walsh-town-sports-international-holding-inc", "unformatted_src": "https://mms.businesswire.com/media/20180614005930/en/663524/4/Patrick_Walsh_EY_Winner.jpg", "src": "https://mms.businesswire.com/media/20180614005930/en/663524/4/Patrick_Walsh_EY_Winner.jpg", "formatted_filename": "Patrick Walsh EY Winner", "alt_text": "Patrick Walsh, EY Entrepreneur Of The Year(R) 2018 New York Award Winner (Photo: Business Wire)"}, null, null]
<iframe src="//www.googletagmanager.com/ns.html?id=GTM-MVPSQB" height="0" width="0" style="display: none; visibility: hidden"></iframe>
Skip to main navigation Press Release Details

EY announces Patrick Walsh of Town Sports International Holding Inc., named Entrepreneur Of The Year® 2018 Award winner in New York

June 14, 2018 at 1:00 PM EDT
PDF Version

Walsh joins three decades of groundbreaking entrepreneurs.

--(BUSINESS WIRE)--Jun. 14, 2018-- EY announced that Patrick Walsh, Chairman and Chief Executive of , (“TSI,” “ (NASDAQ:CLUB) received the Entrepreneur Of The Year® 2018 Award in the Transformational category in New York. Entrepreneur of The Year is the world’s most prestigious business award for entrepreneurs, and it’s the only competitive awards program for leaders of high-growth companies. To be eligible, nominees must be the manager or owner of a private or public company and be primarily responsible for the company’s recent performance. Walsh was selected by an independent panel of judges, and the award was presented at a special gala event at the Marriott Marquis on June 12.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180614005930/en/ , EY Entrepreneur Of The Year(R) 2018 New York Award Winner (Photo: Business Wire)

“I think Entrepreneurs are the lifeblood of this country and it’s great to be recognized,” said Walsh in his acceptance speech. “To all the TSI employees, you are amazing and no one can take this away from us. I’ve had the time of my life so far but I’m more excited about what we’re going to do in the years ahead."

Mr. Walsh has played a major role in several turnarounds, but none have been as remarkable as Town Sports’. Walsh was faced with imminent bankruptcy in the first year he took over management of the Company. During a period when most industry expects predicted a bankruptcy or sale, Walsh vowed to TSI shareholders to turn TSI into a thriving enterprise. In 2018, the company’s stock traded over $11.00 an increase of over 1000% from a low of 92 cents in 2016. Walsh has led a strategic and calculated approach to increasing shareholder value while growing the Company’s portfolio. In just the past year, TSI has purchased , and .

Since 1986, EY has honored entrepreneurs whose ingenuity, spirit of innovation and discipline have driven their companies’ success, transformed their industries and made a positive impact on their communities. Now in its 32nd year, the program has honored the inspirational leadership of such entrepreneurs as:

As a award winner, Walsh is now eligible for consideration for the Entrepreneur Of The Year 2018 national program. Award winners in several national categories, as well as the Entrepreneur Of The Year National Overall Award winner, will be announced at the Entrepreneur Of The Year National Awards gala in , on . The awards are the culminating event of the Strategic Growth Forum™, the nation’s most prestigious gathering of high-growth, market-leading companies.


Founded and produced by EY, the Entrepreneur Of The Year Awards are nationally sponsored in the US by SAP America, and the .

In , sponsors also include , , and .

About Entrepreneur Of The Year®

About EY’s Growth Markets Network

About EY

EY refers to the global organization, and may refer to one or more, of the member firms of , each of which is a separate legal entity. , a company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by , a member of the global EY organization that provides services to clients in the US.

For more information, please visit ey.com.


is a diversified holding company with subsidiaries engaged in a number of business and investment activities. The Company’s largest operating subsidiary has been involved in the fitness industry since 1973 and has grown to become one of the largest owners and operators of fitness clubs in the Northeast region of . TSI’s corporate structure provides flexibility to make investments across a broad spectrum of industries in order to create long-term value for shareholders.

For more information, please visit townsportsinternational.com. 


Town Sports International Holdings, Inc.