PSP gym network CEO quits, admits mismanagement, pledges recovery plan

May 25, 2025
11:37AM PHT

Insider spotlight:

  • PSP CEO Phoebus Samson resigns effective June 1, 2025
  • Admits leadership missteps, assumes full responsibility
  • Vows to settle unpaid obligations and restore gym operations
  • PSP will not close down, promises full service resumption
  • New CEO to be named soon amid planned leadership transition

Philippine Sports Performance (PSP) CEO and chair Phoebus Apollo Samson has publicly taken full responsibility for the company’s ongoing operational and financial troubles, announcing his resignation effective June 1, 2025.

In a Facebook message addressed to PSP’s members, employees, franchisees, and supporters, Samson acknowledged leadership failures that have destabilized the once fast-growing fitness chain.

“Through mismanagement under my leadership, we have fallen short of the standards we owe to our employees, franchisees and — most importantly — our loyal community,” Samson wrote.

The statement comes amid multiple branch closures across the country, with members and employees citing unpaid wages, frozen investor dividends, and stalled gym operations. In response, Samson issued a direct apology and pledged to prioritize restitution and service continuity.

Phoebus Apollo Samson
The PSP CEO said he would be stepping down to make way for new leadership.

“There is no excuse, and no one else is to blame… I take full responsibility for these failures.”

He assured the public that PSP is not shutting down permanently. Instead, the company is working to address unpaid obligations, restart operations at closed branches, and preserve existing gym memberships.

“PSP will not close down and all gym locations will resume operations,” he emphasized.

Samson also announced he would be fully stepping away from PSP’s leadership and daily operations, with a new CEO to be named shortly.

“I remain committed to supporting the transition in any way that ensures the company can continue its mission of helping people live healthier, stronger lives.”

The departure marks a significant turning point for the embattled gym chain, which rapidly expanded to dozens of locations nationwide before reports of financial distress emerged.

Edited by Daxim L. Lucas

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