Saturday, June 20, 2026

Exclusive: Friars Club Shuts Down, Citing Huge Flood in Historic HQ, But Insolvency and Lawsuits Could Be Reasons

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I didn’t think I’d have another Friars Club story so soon, but the end– for now — has come.

The Friars Club has suspended all operations because of a flood that has literally turned the East 55th St. clubhouse into the Titanic. The news came in an email from club president Michael Gyure, who himself has so far escaped jail time for tax fraud.

“The dining room is a wreck,” says a source. “The kitchen is under water.”

From what I can tell, the flood was caused by a pipe on the roof of the building bursting. Water cascaded downward until the once grand establishment looked like a scene from “The Poseidon Adventure.”

But members and employees are suspicious. Lately they say there have been “maybe three or four people” eating in the dining room at any one time.

The Friars have been up to their ears in legal bills and legal action recently, including a union lawsuit that could have shut them down anyway.  They also settled a sexual harassment lawsuit brought by their former long time receptionist against the club and celebrity wrangler Bruce Charet. (He used to call her up and say lascivious — er sexually inappropriate — things to her.)  Insurance took care of that. It’s unclear if it will pay for the flood damage.

 

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Roger Friedman
Roger Friedman
Roger Friedman is the founder and editor-in-chief of Showbiz411. He wrote the FOX411 column on FoxNews.com from 1999 to 2009, where he covered Michael Jackson, and previously wrote the "Intelligencer" column at New York magazine in the mid-1990s, where he covered the O.J. Simpson trial. He also edited Fame magazine. His bylines have appeared in The New York Times, The Washington Post, the New York Daily News, the New York Post, Vogue, Details, and the Miami Herald. He is a voting member of the Critics Choice Awards (Film and Television branches), and his movie reviews are tracked by Rotten Tomatoes. With D.A. Pennebaker and Chris Hegedus, he co-produced the 2002 documentary "Only the Strong Survive," which screened at Directors' Fortnight at the Cannes Film Festival.

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