Valley Swim Club president John Duesler sent an e-mail to club "friends and families" Friday saying the board of directors had voted to file for Chapter 7 bankruptcy this week, The Philadelphia Daily News reported.
Duesler wrote in the e-mail that many would blame the bankruptcy on legal proceedings and negative media exposure, the newspaper said. But, he said, "the truth is that the club has struggled to stay out of the red for at least the last decade" and owes more than $100,000 in operational expenses and legal fees, the newspaper reported.
Duesler declined to comment to The Associated Press on Saturday.
Members "are all tired and beaten down and just sickened by how our club has been improperly portrayed," he said, according to the Daily News. "After speaking to many members, my sense is that mostly everyone wants to move on."
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