According to our buddies at Page Six, Stereo is no more. We can't say we are too sad, our experiences there have been mixed, and in terms of business, the place wasn't all that successful. Crowded yes, but just not that profitable. According to the Sixers, "Club trademark owner Michael Satsky and partner Brian Gefter split from other club part ners and are close to leasing a downtown space for a new venue this year." Probably a good move on their part. These guys are ready to step out on their own and make a go of it. But the real question is: where is there to go? As we have been saying for a while, the place to be is NoChiTo, the little no man's land of space below Nolita and west of Chinatown. You may have heard about some other major players setting up there, and we expect Iron Mike and BG to head down there as well.
Thursday, January 31, 2008
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6 comments:
Now he's only the "club trademark owner"? All these dudes who prance around saying they "own" this club or that, what do they really own? Maybe just the plastic cups? Eff Birnbaum and Satsky...you give these guys way too much publicity for their own good, like their heads aren't big enough as it is....
do you think they'll start investigating club owners who take roids?
Satsky or Brian were never owners of Stereo just promoters i heard.. Satsky used the press to try and build a name for himself which nobody cares about him...
Rumor has it that gefner and satsky left there other partner barry mullineux because he was caught stealing. all the little people that worked they say that barry took over 5,000 weekly. satsky is weak to allow that.
Rumor has it that Satsky and Brian have no idea how to run a business..they continued to over spend on money and drain the company..the real owner Barry mullineaux kept the business afloat for the past 2 years...The real owners of Stereo and the investors were fed up with their promotional directors brian and mike and thats why they chose not to re-open..
The only guy who had any real business sense on that stereo team was Barry. Satsky and little Brian ran around like 2 school girls always causing drama.... Stereo is closed who cares anyway
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