The Hollywood actress is one of several entrepreneurs who have handed over cash to help set up SPiN, which launched in September (09).
But two businessmen, Bill Mack and Iwona Herdzik, claim they aren't happy with the way the club is being run and have filed a lawsuit claiming they have been shut out of operations.
The papers, filed at Manhattan Supreme Court last week (beg11Jan10), allege SPiN's founders Andrew Gordon, Franck Raharinosy and Jonathan Bricklin - the man who was recently linked to newly single Sarandon - issued additional shares of the company to third parties without their approval, mismanaged SPiN’s finances and threatened to shut the club and file bankruptcy.
A representative for SPiN tells New York Post gossip column PageSix, "Bill and Iwona attempted to take control of SPiN New York, but the judge flatly denied that request. There is zero truth to the allegations that the club is seeking bankruptcy protection.
"They tried to work out their differences with Bill and Iwona over a heated table tennis match at SPiN, but they ended up in court, which is a lot less fun."
Sarandon, 63, split from her long term partner, actor Tim Robbins, in December (09), and was subsequently linked to Bricklin, 31. However, a representative for the actress dismissed rumours of a romance, insisting the pair's relationship is "strictly a business one."