1 EXHIBIT 12.1 THE SPORTS CLUB COMPANY, INC. RATIO OF EARNINGS TO FIXED CHARGES FISCAL YEAR ENDED DECEMBER 31, PRO FORMA -------------------------------------------- --------- 1994 1995 1996 1997 1998 1998(1) ------ ------ ------ ------- ------- --------- (DOLLARS IN THOUSANDS) EARNINGS Net income before income taxes and $3,044 $2,778 $2,886 $ 2,554 $10,126 $ 2,455 extraordinary charge.................. Equity interest in net income of (641) (860) (631) (696) (880) (880) unconsolidated subsidiary............. Distributions from unconsolidated 258 320 623 469 447 447 subsidiaries.......................... Fixed charges............................ 2,678 4405 4,675 10,694 10,646 18,317 ------ ------ ------ ------- ------- ------- Total earnings........................ $5,339 $6,643 $7,553 $13,021 $20,339 20,339 ====== ====== ====== ======= ======= ======= FIXED CHARGES Interest expense......................... $1,213 $2,600 $2,682 $ 3,206 $ 1,629 $ 9,300 Interest capitalized..................... -- -- 33 50 843 843 Rent..................................... 1,465 1,805 1,960 7,438 8,174 8,174 ------ ------ ------ ------- ------- ------- Total fixed charges................... $2,678 $4,405 $4,675 $10,694 $10,646 $18,317 ====== ====== ====== ======= ======= ======= Ratio of earning to fixed charges.......... 2.0x 1.5x 1.6x 1.2x 1.9x 1.1x ====== ====== ====== ======= ======= ======= INTEREST CAPITALIZED Spectrum Club -- Puente Hills............ $ -- $ -- $ -- $ -- $ 50 $ 50 Sports Club/Rockefeller Center........... -- -- -- -- 30 30 Spectrum Club -- Valencia................ -- -- 33 50 -- -- Spectrum Club -- Thousand Oaks........... -- -- -- -- 763 763 ------ ------ ------ ------- ------- ------- Total interest capitalized............ $ -- $ -- $ 33 $ 50 $ 843 $ 843 ====== ====== ====== ======= ======= ======= - --------------- (1) Adjusted to give effect to the offering of the Old Notes and the application of the proceeds therefrom as if the offering occurred on January 1, 1998.