Soul Cycle developer faces backlash over top-dollar Trump fundraiser

The developer behind fitness chains SoulCycle and Equinox faced criticism for a planned high-dollar fundraiser he's hosting for President TrumpDonald John TrumpTrump says he doesn't want NYT in the White House Veterans group backs lawsuits to halt Trump's use of military funding for border wall Schiff punches back after GOP censure resolution fails MORE's reelection campaign in the Hamptons later this week. 

Stephen Ross, the founder and chairman of The Related Companies, which owns Equinox, will host the fundraiser luncheon on Friday along with his wife. Equinox owns SoulCycle, a boutique, indoor cycling health chain.

Some customers of Equinox and SoulCycle, which are known for a clientele that is largely urban and female, criticized the fundraiser on social media, threatening to cancel their memberships.  

The indoor cycling chain's CEO Melanie Whelan said in a statement later Wednesday that Soul Cycle "in no way endorses the political fundraising event." 

"Soul cycle has nothing to do with the event and does not support it," Whelan said in a statement. "Consistent with our policies, no company profits are used to fund politicians." 

Soulcycle has a number of famous fans, including former first lady Michelle ObamaMichelle LeVaughn Robinson ObamaObama: Cummings showed us 'the importance of checks and balances' Poll shows Michelle Obama would lead in New Hampshire if she entered 2020 Democratic race Obamas' first Netflix project nominated for Critics' Choice Documentary Awards MORE.

In 2016, a Washington writer published a story about Obama showing up at her SoulCycle class with a Secret Service detail. 

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Equinox also issued a statement addressing the backlash, saying they have nothing to do with the fundraiser.  

Ross also owns the Miami Dolphins of the NFL. Dolphins wide receiver Kenny Stills slammed news on Twitter.  

The Washington Post reported on Wednesday that tickets for the luncheon are priced at $100,000 for a photo opportunity and lunch, while attendees can pay $250,000 to be included in a roundtable discussion. 

The Related Companies has also invested in the Milk Bar and Momofuku restaurant chain.

Updated 3:53 p.m.