SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549



                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(D) OF THE
                         SECURITIES EXCHANGE ACT OF 1934


         Date of Report (Date of Earliest Event Reported): May 25, 2004

                          THE SPORTS CLUB COMPANY, INC.
           -----------------------------------------------------------
               (Exact Name of Registrant as Specified in Charter)

                                    Delaware
                                 --------------
                 (State or Other Jurisdiction of Incorporation)


         1-13290                                         95-4479735
         ----------                                   --------------
(Commission File Number)                   (IRS Employer Identification Number)


                     11100 Santa Monica Boulevard, Suite 300
                          Los Angeles, California 90025
                      -------------------------------------
                    (Address of Principal Executive Offices)

                  Registrant's telephone number, including area
                               code: 310-479-5200

                                 Not Applicable
             ------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

                           Index of Exhibits on Page 3


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Item 5. Other Events and Regulation FD Disclosure

     On May 28, 2004 the Company announced that it has received a default notice
from U.S.  Bank,  as Trustee  for the  holders of the  Company's  11 3/8% Senior
Secured Notes due in March 2006. As previously reported, the Company has delayed
the filing of its annual  report on Form 10-K for the year  ended  December  31,
2003 due to complex issues  associated  with  Statement of Financial  Accounting
Standards  No. 142,  Goodwill  and Other  Intangible  Assets,  and  Statement of
Financial  Accounting  Standards  No. 144,  Accounting  for the  Impairment  and
Disposal of Long-Lived Assets.  Also, as previously  announced,  on May 4, 2004,
the American Stock Exchange accepted the Company's  compliance plan in which the
Company  outlined the  timeframe  and the steps being  undertaken  to ensure the
filing of its required financial reports. The letter from the Trustee,  received
by the Company on May 25, 2004,  notified the Company that an "event of default"
under the  Indenture  would  arise if the Company  failed to file its  financial
reports with the  Securities  and Exchange  Commission  within  thirty (30) days
after the Company's receipt of such notice.  While no assurances can be given as
to  the  timing  of  the  Company's  filing,   the  Company  continues  to  make
satisfactory progress towards completion of its financial reports and expects to
file within the allotted  thirty (30) day period  which would  constitute a cure
and nullify the Trustee's notice.

     All statements in this report other than  statements of historical fact are
forward looking statements within the meaning of the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. These statements are based
on management's  current expectations and beliefs and are subject to a number of
factors and  uncertainties  that could cause actual results to differ materially
from those described in this report.  The forward looking  statements speak only
as of the  date  of  this  report,  and  the  Company  expressly  disclaims  any
obligation  to release  publicly  any update or revision to any forward  looking
statement contained herein if there are changes in the Company's expectations or
in any events,  conditions or  circumstances  on which any such forward  looking
statement is based.


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Item 7. Financial Statements and Exhibits

(a)  Financial Statements

     Not Applicable


(b)  Pro Forma Financial Information

     Not Applicable


(c)  Exhibits

     99.1 Company press release dated May 28, 2004.



                  [Remainder of Page Intentionally Left Blank]


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                                   SIGNATURES

     Pursuant to the  requirements  of the  Securities  Exchange Act of 1934, as
amended, the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


Dated: May 28, 2004                        THE SPORTS CLUB COMPANY, INC.



                                             By:   /s/  Timothy M. O'Brien
                                                 ------------------------------
                                                        Timothy M. O'Brien
                                                        Chief Financial Officer



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                                                                   EXHIBIT 99.1


                                  NEWS RELEASE




For Immediate Release                             CONTACT: Timothy M. O'Brien
                                                  Chief Financial Officer
                                                  The Sports Club Company, Inc.
                                                  (310) 479-5200



                          THE SPORTS CLUB COMPANY, INC.
                       ANNOUNCES RECEIPT OF DEFAULT NOTICE
                                 FROM U.S. BANK

LOS ANGELES, CA (May 28, 2004) - The Sports Club Company, Inc. (AMEX: SCY) today
announced  that it has received a default  notice from U.S. Bank, as Trustee for
the holders of the Company's 11 3/8% Senior  Secured Notes due in March 2006. As
previously reported,  the Company has delayed the filing of its annual report on
Form 10-K for the year ended December 31, 2003 due to complex issues  associated
with  Statement of Financial  Accounting  Standards No. 142,  Goodwill and Other
Intangible  Assets,  and  Statement of Financial  Accounting  Standards No. 144,
Accounting  for the  Impairment  and Disposal of  Long-Lived  Assets.  Also,  as
previously  announced,  on May 4, 2004, the American Stock Exchange accepted the
Company's  compliance  plan in which the Company  outlined the timeframe and the
steps being undertaken to ensure the filing of its required  financial  reports.
The letter from the Trustee,  dated May 21,  2004,  notified the Company that an
"event of default" under the Indenture would arise if the Company failed to file
its financial reports with the Securities and Exchange  Commission within thirty
(30) days after the Company's receipt of such notice. While no assurances can be
given as to the timing of the Company's  filing,  the Company  continues to make
satisfactory progress towards completion of its financial reports and expects to
file within the allotted  thirty (30) day period  which would  constitute a cure
and nullify the Trustee's notice.

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All  statements in this press release other than  statements of historical  fact
are  forward  looking  statements  within  the  meaning  of  the  "safe  harbor"
provisions  of the  Private  Securities  Litigation  Reform  Act of 1995.  These
statements are based on management's  current  expectations  and beliefs and are
subject to a number of factors and uncertainties that could cause actual results
to differ  materially  from those  described in this press release.  The forward
looking  statements  speak  only as of the date of this press  release,  and the
Company  expressly  disclaims any obligations to release  publicly any update or
revision to any forward looking statement  contained herein if there are changes
in the Company's  expectations or if any events,  conditions or circumstances on
which any such forward looking statement is based.

The Sports Club  Company,  based in Los  Angeles,  California  owns and operates
luxury sports and fitness complexes  nationwide under the brand name "The Sports
Club/LA."

                                       ###


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